21st Jun 2018 | 18:04 PM IST
21st Jun 2018 | 18:04 PM IST
In step with Rakesh Jhunjhunwala, there's no credible leader inside the opposition party to take on PM Modi. I am sure that the next government will be a BJP government in spite of what people beings feel, he stated.
Indian equity market, which bottomed out in August 2013, noticed a stellar run in 2017 and in 2018 innitialy, boosting Nifty50 better to the touch 11,000-mark in 2018, however now it perhaps be in for a few consolidation, Rakesh Jhunjhunwala, associate, rare organizations stated in an different interview with CNBC-TV18. We witnessed massive up move in markets and if the market remains within the variety of 10,000-11,000 for the next 1 year,I would be very happy, he added. In his discussion with CNBC-TV18, he said that traders must now not get disheartened with the current correction. the bull market cannot end at the current level of profits-to-GDP. The flow of local money into equity markets has simply started and the flow is unlikely to stop anytime soon. We might have lost about 7-8 percent from the highs but there is tremendous correction in the midcaps. I don’t think political uncertainty will take down the market beyond a point, explains the big bull. Commenting on political situation and its impact on markets, the big bull said that Modi is the most towering leader of this country and it would be too early to predict the outcome of the 2019 general elections. Also, India or market is not dependent on any political party. The anecdotal proof propose that market generally unearths a few motive to upward push again. “In 2004, while BJP lossed elections, marketplace went to 4,600 after which eventually it went to 25,000. I'm now not bothered too much approximately politics,� explains Jhunjhunwala.
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