Stock markets would zoom on Monday morning i.e. on 18th May after declaration of election results and UPA winning the same in order to put a stable government for next 5 years.
In an exclusive discussion on CNBC-TV18, leading investor and trader Rakesh Jhunjhunwala of Rare Enterprises said that the election results signalled the coming to end of divisive politics.
The victory is very important for what will happen ahead given the economic circumstances prevailing in the world, he said, adding that he sees the country going back to 8-10% growth on the back of a stable government.
I expect a lot of capital inflow into to India, the ace investor said, adding that the government was likely to be aggressive with reforms. The market would prefer to see a pro-reforms finance minister.
Source: Moneycontrol
Checkout: Rakesh Jhunjhunwala - Latest Portfolio Changes And His Strategy
