Is double-engine good? 5 things for stock market investors to track after a thumping BJP-led alliance's Maharashtra win
Here are 5 things to track for stock market investors post BJP-led alliance's big win
1) A near-term market rally expected
The resounding victory by the Mahayuti alliance is expected to provide a much-needed boost to the market, which has been under pressure recently due to global headwinds and sustained selling by foreign investors. Most pollsters were predicting a tighter race, but a better-than-expected show by the ruling alliance will be positive for the market.
«The outcomes of the Maharashtra and Jharkhand elections will be crucial triggers. Especially Maharashtra, where the NDA witnessed one-sided victory is likely to boost bullish sentiment further,» said Santosh Meena, Head of Research, Swastika Investmart.
«Maharashtra being the second largest state in the country, a mandate like this from here also reinforces the entire growth story of the country. So, I would think that it would be taken positively and it has come at a time when markets are not at all-time high,» said Palka Arora Chopra, Director of Master Capital Services.
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