Gujarat Assembly Elections 2017: If Congress wins, then market will rise 10 percent

 13 Dec 2017 ( IBTN News Bureau )
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So far, in the year 2017, the head of research for India Mark Matthews of the Julius Bayer Group of Hong Kong gave important statements on the rise in mid-capitals and small-capital stocks. He said that investors should see what results come out of the Gujarat assembly elections? In the conversation with Rediff.com, Puneet Wadhwa, he said this.

When he was asked about the risk for investors, he said that a Risk is the result of the Gujarat assembly elections. Most people are not expecting Congress to win. If they win, then the market can see a 10 percent jump. At the same time, globally, prices of oil will also be monitored.

If oil stays above $ 60 a barrel then investors will be worried about the impact on inflation and its economy. Inflation in India is now not of crude oil but vegetables prices. Market valuation is a second concern. India is rapidly operating on valuation and there are many IPOs, especially in the insurance sector, which has an impact on secondary market liquidity.

What kind of Indian market will be next year? On this question he said that the recapitalization of the banks of the public sector is a good move of the government, in which the positive impact will be seen in the future. Moody's recently arrived report in Is of Doing Business also shows positive aspects.

 

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