Narendra Modi's UP Assembly election sweep sets stage for return of the bulls

Nifty likely to touch all-time high but could face headwinds in sustaining gains

Samie Modak  |  Mumbai 

The Narendra Modi-led Bharatiya Janata Party’s (BJP’s) stunning victory in Uttar Pradesh (UP) — the country’s most populous state and key for central politics — is likely to be cheered by the markets when these resume trading on Tuesday.  Market players say the benchmark indices could rally up to three per cent in the next few days, as the strong showing in the state elections is expected to spur the Modi government in expediting reform and boosting infrastructure spending.  The huge mandate in UP and neighbouring Uttarakhand will ...

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Narendra Modi's UP Assembly election sweep sets stage for return of the bulls

Nifty likely to touch all-time high but could face headwinds in sustaining gains

Nifty likely to touch all-time high but could face headwinds in sustaining gains The Narendra Modi-led Bharatiya Janata Party’s (BJP’s) stunning victory in Uttar Pradesh (UP) — the country’s most populous state and key for central politics — is likely to be cheered by the markets when these resume trading on Tuesday.  Market players say the benchmark indices could rally up to three per cent in the next few days, as the strong showing in the state elections is expected to spur the Modi government in expediting reform and boosting infrastructure spending.  The huge mandate in UP and neighbouring Uttarakhand will ... image
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