Political events do impact the markets in the near term, from a medium to longer term perspective, any fall in markets owing to surprise political verdicts are usually good opportunities to add equity exposure, says Niraj Kumar.
Going forward, 19,600-19,500 is expected to act as a crucial support for the Nifty50 in coming sessions, and if it manages to sustain above then the gradual upmove towards 20,000 can be possible, experts said
The rally in capex-oriented sectors over the past three years might have stretched valuations to uncomfortable levels compared to historical average, but Srivastava is not too perturbed