Live
- ED arrests AAP MLA Amanatullah Khan in Waqf Board appointment scam
- LS polls: Union Minister Bhagwanth Khuba, Dingaleshwara seer, Priyanka Jarkiholi file nominations in K'taka
- Amid show of strength, Congress’ Praniti Shinde files nomination from Solapur
- Tamil Nadu Police gives clean report to Isha Foundation in missing volunteers case
- Home Minister Amit Shah to address public meeting in Goa on April 24
- Gurgaon Open: M Dharma fires 67 for two-shot lead on penultimate day
- Sharad Pawar made many attempts to finish Shiv Sena, claims Maha minister
- Former England opener Raman Subba Row dies aged 92
- IPL 2024: Impact player rule is affecting the progress of half all-rounders, says Zaheer Khan
- ‘Teppa samudram’ review: Entertains with twists and turns
Markets likely to remain euphoric: Analysts
Investors may start to shift their focus to policy reforms, earnings growth and global cues
New Delhi: Equity markets are likely to remain euphoric in the coming days following the BJP's emphatic victory in the general elections, even as participants may start to shift their focus to policy reforms, earnings growth and global cues, analysts said.
The Sensex and Nifty rallied to record closing highs on Friday after the ruling BJP secured a comfortable majority in the lower house, raising expectations of more business-friendly measures by the Narendra Modi-led government.
"Stock market likes certainty. The strength of this mandate for the BJP assures stability in government, stability in governance and continuation of the development agenda for the next five years.
In all likelihood, the market will remain euphoric in the coming days.
Post that, focus will shift back to corporate earnings, liquidity situation and global events," said Amar Ambani, president and head of research, Yes Securities.
The Bharatiya Janata Party (BJP) has won over 300 seats on its own out of 542 seats in the Lok Sabha elections.
"Markets had a very vigorous week and therefore sufficient rest will be needed before it can find new pace.
Volatility will eventually come down and rationality will prevail.
Benchmark indices might not give any direction this week but could face mild downward pressure and Indian markets will finally align with global mood.
