The 'Sell in May and Go Away' T strategy might not be the best approach for the remaining trading days of May 2024 if the Lok Sabha (LS) election results on June 4 align with expectations and the Narendra Modi-led National Democratic Alliance (NDA) secures a third term.
Although most political pundits and market experts are closely watching the number of seats the NDA 3.0 will secure in LS, they say that the continuity of reform processes/policies and the forthcoming full Budget will be most crucial for the markets in the coming months.
This, they believe, is likely to keep market momentum strong, provided other domestic economic indicators and global cues remain supportive.
In this context, selling largecap stocks at current levels is not advisable, according to Chokkalingam G, founder, Equinomics Research. He observes that the trailing price-toearnings (P/E) ratio of the S&P BSE Sensex is still in a comfortable zone, and India's growth story looks promising.
Bu hikaye Business Standard dergisinin May 22, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin May 22, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
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