friday the imd had said the monsoon is expected to be normal in july across the country barring parts of eastern uttar pradesh and south biharthe monsoon holds significant importance as it serves as the lifeblood of indias 3 trillion economy a plentiful monsoon in july would alleviate concerns regarding summer crop yields and bring about higher incomes in the rural areasthe markets recordbreaking momentum continued as the robust june gst collections and the monsoon covering most parts of the country in the last few days brought cheers to investors the rally has been mostly due to strong foreign fund inflows and india performing well on most of the economic parameters could further strengthen the fund flows in the near term shrikant chouhan head of research retail kotak securities ltd told pticooling inflation inflation in india has been on the decline in recent months giving the rbi room to pause its interest rate hike cycle this is positive for businesses and consumers as it will lead to lower borrowing costs and boost spendingstrong corporate earnings corporate earnings in india have been growing steadily in recent quarters and this trend is expected to continue in the coming quarters this is being driven by strong demand rising prices and costcutting measurespositive global sentiment global stock markets have been on a bull run in recent months and this has also boosted sentiment in the indian market this is being driven by factors such as strong economic growth in the us and china and low interest rates in developed marketshere are some of the sectors that have contributed to the recent riseauto sector the auto sector has also been performing well with companies like tata motors and mahindra mahindra leading the wayfinancial sector the financial sector has also been a key contributor to the rise in indian equities nonbanking financial corporations nbfcs have emerged as the primary source of financing for a vast section of the population including small and medium enterprisesfmcg sector the fmcg sector has also been performing well with companies like hindustan unilever and nestle india posting strong earningswith inputs from agencies