After the landslide win of Bharatiya Janata Party (BJP) in the politically critical state of UP, Indian capital markets are expected to see a strong opening on Tuesday, 14 Mar 2017.
In UP BJP won a record 325 seats, the highest any party has won since the 1991 elections.
Absence of hedges and buying activity show investors expected the BJP to win in UP, but it is the level of its win that will motivate investors. The Nifty is closer to the psychological 9,000 mark, only 2 percent away from its lifetime high of 9,119 levels, as noted on March 4, 2015. This year, both Sensex and Nifty are already up 9%.
Below are the top things to keep in mind as the new week starts after the election results.
However, it is expected that the Modi government may bring in more unconventional reforms like demonetization. So, it is better you consult good stock consultant in India and make safe investment decisions.
Image Source : thehindubusinessline.com
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