A decisive mandate in favour of the Modi-led NDA and a near consensus on earnings revival in FY20 are expected to drive the markets higher this year, despite global headwinds
The general elections are over and a stable government is in place at the Centre, which is a big positive for the markets. The trend indicated by the exit polls has been confirmed by the resounding mandate to the NDA government. On 20 May, in what can be termed as a very strong and unprecedented reaction to the exit polls, the equity markets saw a gap up opening, got stronger towards the end and gave a fresh lifetime high at closing. Nifty ended the day with a gain of 421 points or 3.69 percent higher.
This story is from the May 25, 2019 edition of Businessworld.
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This story is from the May 25, 2019 edition of Businessworld.
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