Stock markets may see an upswing due to BJP win in the coming week
MUMBAI: As BJP registered one of the biggest wins across states, specifically in UP, the listed stocks may see a rally in the coming weeks, say industry trackers.
Although experts point out that many investors may have already factored in the BJP win, the landslide victory may have some impact on the stock market. It is expected that with BJP winning, going ahead Narendra Modi government may find it easy to pass some of the bills. It is expected that the election win would mean that the reform agenda, especially in the infrastructure sector, would get a push. It is also expected that the government may be announce some more reform agendas in the coming couple of months.
The stock market has seen appreciation in last week. The Sensex of BSE closed flatly on Friday. Sensex was up by 0.06% to touch 28,946.23 basis points on Friday. Industry trackers say that some of the infrastructure stocks may see some jump in the coming week.
The election win for the BJP in a way also means that the voters may have kept demonetisation behind them. If that’s the case in the coming weeks the consumption story for Indian companies may also change.
While the Indian government recently announced that the country’s GDP for the third quarter ended December grew by about 7%, many analysts and observers have questioned the figures.
Although experts point out that many investors may have already factored in the BJP win, the landslide victory may have some impact on the stock market. It is expected that with BJP winning, going ahead Narendra Modi government may find it easy to pass some of the bills. It is expected that the election win would mean that the reform agenda, especially in the infrastructure sector, would get a push. It is also expected that the government may be announce some more reform agendas in the coming couple of months.
The stock market has seen appreciation in last week. The Sensex of BSE closed flatly on Friday. Sensex was up by 0.06% to touch 28,946.23 basis points on Friday. Industry trackers say that some of the infrastructure stocks may see some jump in the coming week.
The election win for the BJP in a way also means that the voters may have kept demonetisation behind them. If that’s the case in the coming weeks the consumption story for Indian companies may also change.
While the Indian government recently announced that the country’s GDP for the third quarter ended December grew by about 7%, many analysts and observers have questioned the figures.
