Future trajectory of stock market hinges on the new government’s economic policies, with factors like GDP growth, inflation, and global conditions playing a key role, experts said on Tuesday.
With the BJP-led NDA still looking to form a government, though with the important support of coalition partners, markets look jittery about the prospects of strong decision making.
In fact, experts cautioned investors to be prepared for volatility due to currently high valuations and suggested adopting a diversified approach.
Benchmark equity indices Sensex and Nifty tanked over 8 per cent in intra-day on Tuesday and later ended nearly 6 per cent lower, suffering their worst decline in four years, as trends showed the ruling BJP is short of clear majority in the Lok Sabha elections.
Sensex crashed 4,389.73 points to settle at 72,079.05 and Nifty tanked 1,379.40 points to 21,884.50. However, markets jumped sharply on Monday after exit polls predicted a massive win for the BJP-led NDA in the Lo
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