The S&P BSE Sensex and the Nifty50 have hit record highs amid the poll outcome-triggered bull frenzy at the bourses.
Most analysts feel that the indices are on course to rise further over the next few months - till the general elections - albeit amid intermittent corrections - largely triggered by global developments.
Bharatiya Janata Party s (BJP s) win in the three state elections of Madhya Pradesh (MP), Rajasthan and Chhattisgarh, analysts at Jefferies believe, reinforces the consensus expectations of a Modi win 2024 national elections with a greater likelihood of over 300 seats for the BJP.
The GREED & Fear index believes that consolidation is coming in China’s property sector, which India already went through triggered by the double whammy of the Real Estate (Regulation and Development) Act of 2016 and demonetisation in November 2016.