Indian Market Outlook: It takes more than a Modi win

This Article was originally published in The Global Analyst Indian stock market celebrated in style the Modi win. Benchmark indices are up nearly 7% (pre and post poll) while the index is up 9.3% for the year so far, far better than MSCI Emerging Market Index which is up 2.2%. Can this euphoria be sustained? What is the short-term and long-term outlook for the Indian market? It is indeed tempting to connect the market performance to election results. A resounding pro-incumbency vote much larger than the earlier term does signal enormous confidence in Narendra Modi as a leader who can pursue reforms without fear or favor. However, it is not advisable to link election results to market perform

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