N Jayakumar, MD, Prime Securities, says: “Coming to next year’s election, I feel a change will not be seen positively. We need continuity. Numbers can vary.
Some may even argue that a coalition with moderated numbers may be a better thing. I am not a political pundit. All I know is that many of these do not stand the test way beyond a couple of weeks.
People tend to forget and move on but unless something drastic happens, I think it will come and go, that too will pass.”What is your outlook when it comes to the broader markets? You are talking about a range for the index but do you think that it is going to get a bit frothy when it comes to mid and smallcaps?It is already frothy there. If you see the kind of mad scramble in stocks and this entire ESM framework which Sebi has imposed with modifications. Most of the modifications nobody understands but that apart, other than restricting trading, it is clearly an indication that prices got crazy.
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