Stock market expected to follow worldwide signals and experience slow growth leading up to the announcement of Lok Sabha election results.

Experts predict that the equity markets in New Delhi will have a gradual rise this week, but with some fluctuations. The end of both the election and earnings season will play a significant role in influencing investors' sentiments. It is important to keep an eye on global trends and the trading activities of foreign investors, as they will also impact the market.

Last week, the benchmark indices experienced a record-breaking rally and will continue to be affected by the global oil benchmark Brent crude and the rupee-dollar trend. On top of that, the monthly derivatives expiry on Thursday may bring about more volatility in the markets.

As we enter the final stage of the Q4 earnings season, companies like Tata Steel are expected to release their financial results this week. A positive outcome from the final quarter could provide a boost to the market's bullish momentum. Pravesh Gour, a Senior Technical Analyst at Swastika Investmart Ltd, believes that the upcoming Lok Sabha election results will also have a significant impact on the market and could result in a surge in FII flows. The election verdict will be announced on June 4th.

In addition to domestic factors, global economic data from Japan and the US, as well as movements in the global currency market, will also be crucial to consider. This week, investors will keep a close eye on the ongoing elections, global cues, and the final phase of the earnings season, according to Ajit Mishra, SVP of Research at Religare Broking Ltd.

Some companies to watch out for this week in terms of March quarter results include LIC, NMDC, IRCTC, and MMTC. Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services Ltd, predicts that the market will experience a gradual rise with some volatility as we near the end of both the election and earnings season.

On the domestic front, the announcement of GDP growth rate for the June quarter on Friday will be a significant macroeconomic data to watch out for. Last week, the BSE benchmark saw an impressive increase of 1,404.45 points, while the NSE Nifty also climbed 455.1 points. The BSE Sensex hit an all-time intra-day high of 75,636.50 on Friday, while the NSE Nifty surpassed the 23,000 mark for the first time. The benchmark also reached its lifetime peak of 23,026.40 on the same day.

According to Vinod Nair, Head of Research at Geojit Financial Services, the domestic market is experiencing new highs, with the broader market rally leading the way. This indicates a sustained momentum in the short-term.

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