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'Sensex can potentially swing 5% to minus 40% after poll result'
Mint Mumbai
|September 05, 2023
Investors could witness the Sensex rising by around 10% in the run-up to the general elections in 2024 in anticipation of a decisive win for the Bharatiya Janata Party (BJP) led government and could swing in a +5% to - 40% wide range, depending upon the outcome of the polls. This is the nub of a research report dated 3 September by global brokerage Morgan Stanley.
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The Sensex closed at 65387.16 on 1 September and a 10% base case implies 71926 through May, assuming the election dates are not advanced. Advancing election date could concentrate the market move into a shorter period.
Dit verhaal komt uit de September 05, 2023-editie van Mint Mumbai.
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