Stock market can see strong growth in next year
If the NDA government is formed in the 2019 general elections, then the Sensex can touch the new highest level of 47000. At the same time, the NSE’s benchmark index Nifty will reach level of 14000. In such a situation, common investors will also get a big chance to earn money. These things have been said in a report of Karvy Stock Broking.
How much it effects on business with NDA’s victory in the general election?
The report says that in the General Election of 2019, the Bharatiya Janata Party (BJP) will come back to power, but its seats will be less than the previous Lok Sabha elections.
However, the market is approved and the stock market will definitely welcome these results. By the end of 2019, the Sensex could touch 45000 level. At the same time, the Nifty can also cross the level of 14000.
What’ll the reason behind it
Experts say that in India’s stock market, Indian investors along with investors from all over the world also have money.
Apart from this, mutual funds, insurance companies, EPFO also make money in the stock market. In such a case, if the next stock market rises, then there will be huge profits on these places.
What will happen if BJP defeat?
If the NDA has to face defeat, the market will become unstable and the Sensex can go below 30000. Right now, Nifty can slip up to around 9000 after the election.
Stock market expects these factors
Experts say that the Indian markets do business completely on global and domestic signals. Now the eyes of Dalal Street are on the biggest trigger. Assembly elections are going on in some states
At the same time, the next year’s Lok Sabha elections will be held in the country. According to the report of Karvy Stock Broking, there is currently no major trigger for the domestic stock market. Next look will be decided from the results of the states. But, the market views are on the general election. However, it is very hasty, but according to the Opening Poll, the NDA may come back to power.
why will it happen?
It has been said in the report that the impact of PM Modi’s return to power will also be seen on economic development and markets. It is speculated that becoming PM Modi’s Prime Minister will also be positive for the market.
In the last several months, many experts and research agencies have made similar predictions. If the results of 2019 are reversed then its effect will be reversed.
Chance to make money
According to the domestic brokerage firm, considering the conditions ahead, it is advisable to include IT and healthcare, automotive, capital goods and financial services in its portfolio. Given the recent turmoil in financial markets, it is easy to be pessimistic.
The macro approach for India has definitely been somewhat worse than six months ago. But, Outlook remains strong and gives us reason to be optimistic.