Impact of Election results on Indian Equity market:
"BJP's emphatic victory in the politically-crucial state of UP would embolden the Prime Minister in aggressively expediting key structural economic reforms that have been hobbling India's growth impulses. Mr Modi has achieved a golden mean by emphasising on economic reforms with equity-for-all as it's fulcrum. On the one hand he has focused on structural macro-economic reforms like fiscal prudence, inflation control & government-led infrastructure development in roads & railways and on the other hand he has given equal importance to pro-poor transformational economic policies that touch the lives of the marginalised & downtrodden cutting across castes and thereby broadened his party's support base through schemes like Mudra loans, LPG cylinders & housing-for-all. Equity market would be rejoiced with this outcome and scale a new high ably supported by a torrent of domestic liquidity. Though valuations remain expensive markets would pin it's hope on recovery of as-yet tepid corporate earnings over the next few quarters and the passage of GST"
- Ajay Bodke, CEO & Chief Portfolio Manager -PMS, Prabhudas Lilladher
About Prabhudas Lilladher
Prabhudas Lilladher has a nationwide distribution network, consisting of branches, franchisees and associates, providing a comprehensive gamut of financial services in the Institutional and Retail domain. Their services includes Equity, derivatives; margin funding, mutual funds, PMS, IPOs and online trading.
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