Modi Trend in Markets.

#1
What analysts have said on Modi in the recent past:

Arvind Sanger, Managing Partner, Geoshpere Capital Management: Frankly, a Modi-led government will be positive for the market.

Sanjeev Prasad, Senior Executive Director & Co-Head, Kotak Institutional Equities: If there is something in favour of the BJP in state assembly elections, the market will take that positively."

UBS: Based on our discussions with investors, markets are positively inclined towards Mr Narendra Modi-led BJP and less so towards the Congress, despite some course correction in policies recently by the latter.

CLSA: The Indian stock market's greatest hope is the emergence of Gujarat Chief Minister Narendra Modi as the BJP's prime ministerial candidate.

Today, Goldman Sachs raised its investment stance on India to 'marketweight'. Among the reasons cited, Modi factor was on the top of its list.

Manish Sonthalia, VP & Fund Manager, Motilal Oswal Asset Management, feel that a BJP win in the coming assembly elections could see the Nifty running may be up to 7,000-odd levels.

In case, the BJP fails to win less than three states in these elections, he sees Nifty back to 5,000-5,500 levels.

The current rally in the Sensex, which saw the index hitting record highs in the past week, is being attributed to two factors - the decision in the US to continue with the monetary easing programme and the Modi factor.
 

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