Bulls Push Markets To Historic-highs, Experts Shares Outlook
Attention will swiftly shift to government formation, the Union Budget, and potential tax changes, says expert
The stock market opened on Monday at a record high, following the exit polls predictions giving the BJP-led NDA a third term with a comfortable majority.
Market experts saw further upswings after the formation of the government, allocation of portfolios to ministers and announcements in the upcoming July budget.
Madhusudan Kela, Founder of MK Ventures, reflected a positive outlook on India's prospects and the potential for continued growth and development across various sectors.
He emphasised the importance of visionary leadership, sound policies, and collective effort in realising the goals outlined in Amrit Kaal for the benefit of the nation.
Kela said, "Amrit Kaal for Bharat lays down a clear vision for the next 20 years, encompassing economic growth, social upliftment, environmental sustainability, and governance reforms. The past five to ten years have been transformative for the Indian economy, witnessing significant wealth creation in both the real and financial sectors."
He added, "India has ascended to become the fifth largest economy by GDP and the fourth largest by market capitalization, surpassing USD 5 trillion. With robust decision-making, policy continuity, and renewed optimism, we perceive abundant opportunities for wealth creation and feel privileged to be part of Amrit Kaal. As APJ Abdul Kalam rightly said, 'You have to dream before your dreams come true.'"
Ajay Bagga, a banking and market expert, said, "Following the election results, the attention of investors will shift to the formation of the new government. The composition of the government and policies can have a significant influence on market sentiment and investment decisions.”
Bagga further said, however, attention will swiftly shift to government formation, the Union Budget, and potential tax changes. We foresee significant upside potential in the markets this week, contingent upon factors such as the NDA tally nearing the 400 mark, announcements of priorities by the new government, and measures outlined in the Union Budget in July."
"Foreign Institutional Investors (FIIs) will closely monitor these developments before robust net inflows are expected", Bagga added. (ANI)
