No need for big rejig in portfolio; wait for dust to settle down: Sunil Singhania

economictimes.indiatimes.com:

«I think the best thing is to wait, wait for two-three days, let everything settle down. It is a very strong coalition. It is not a weak coalition. It is not that 30 parties are coming together with 2-2-3-3 seats which is the case of the opposition right now and trying to inch up a coalition,» says Sunil Singhania, Founder, Abakkus Asset Manager.

How would you rate the market now given that there would be a change of gear both in terms of risk, PE and also in terms of how the economy would now move for next five years?
Yes, I think the verdict is slightly lower than what markets expected but you have to also look at it from the perspective that till last week I think markets were expecting NDA to get 300 to 325 seats and BJP somewhere in the region of 270 to 290 seats.

So, it is 10% lower than what was expected. I think what has happened in the interim is that the exit polls raised phenomenal expectations and even now what you are seeing as a correction is largely what we went up on Monday.

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It is not that it has been like a major thing. The other thing is it is so easy to sit in our offices in an air-conditioned cabin and immediately in one hour come to a conclusion that now fiscal deficit will go up and there will be set back in terms of growth and so on and so forth. I think