Is it time to buy now?
This is what the experts have to say...
Shankar Sharma, Vice Chairman and Joint MD, First Global is of the opinion that a 40% rally may happen in the next two to three months. He says, “We have got a huge shot in the arm. I think let us just enjoy the moment. Then we will regroup and we will reassess what is to be done but this does give us a chance to climb our way somewhat out of the bear market."
Madhu Kela, Head of Equity Investment of Reliance Mutual Fund, says "India is going to be one country which in the global world map is likely to outperform. I do not know what will happen in the next 2-5 days. This has been an investor’s delight who wanted to invest into India from a three-five year perspective."
Ramesh Damani, a member of the Bombay Stock Exchange says that there is an unprecedented sense of jubilation among investors post declaration of poll results. He expects a huge thrust on reforms from the new government, which will likely be led by the banking space.
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