Following the total market capitalisation of all BSE listed firms falling more than 7.5 lakh crore in the single session of Thursday, investors are now worried as to whether they should remain invested in the market or exit until this period of high volatility stabilises once the crucial general election results are out in the first week of June.
India's equity market benchmarks BSE Sensex and NSE Nifty-crashed about 2% each last week as the street now fears that a third term for the Prime Minister Narendra Modi-led NDA government may not be as decisive as initially expected. This concern is exaggerated by a lower voter turnout and the domestic market's premium valuation led to high outflow of funds by foreign institutional investors.
Anirudh Garg, Partner and Fund Manager at Invasset said that the expectations regarding the 2024 general elections result are inherently ambiguous, as they can vary significantly from person to person and from region to region. "However, from a broader market perspective, I believe there would be a positive reception if a stable BJP government were to continue at the centre," he added.
Diese Geschichte stammt aus der May 13, 2024-Ausgabe von The New Indian Express.
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Diese Geschichte stammt aus der May 13, 2024-Ausgabe von The New Indian Express.
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