Mumbai, June 6 -- Market heads into the new week riding high on the RBI's unexpectedly bold move, a 50 basis point rate cut that landed like confetti on Dalal Street. While the surprise CRR cut added extra cheer, the central bank's lower inflation forecast (now 3.7% for the year, down from 4%) and steady confidence in growth have further sweetened the mood.

The move is being read as front-loading of policy action, even though the stance turned a tad more cautious. Traders are already adjusting their lenses, rotating into rate-sensitive names like banks, NBFCs, and autos, while themes like railways continue to chug along with investor interest.

From a strategy perspective, it is shaping up to be a "buy on dips" kind of week, with a tilt ...