"The strong mandate received by NDA this morningÂ is positive for both equity and debt markets. A stable and decisive government can reengineer Indian growth story through spearheading structural reforms going ahead, and thus increasing foreign investorsâ€™ interest on India.
While a lot of the positives are already factored in by the markets, now everyone willÂ be watching out for actual steps to be taken by the Government starting with Union Budget and Tax Reforms etc. With the likelihoodÂ of investment cycle kick-starting soon, investors could look at buying at every fallÂ cyclicals such asÂ banking, cement, capital goods and Oil & Gas etc."
The author is Dr. Pradhan -Chief Investment Officer, Future Generali India Life Insurance
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