Rakesh Jhunjhunwala says Modi’s NDA could win 300 seats, but don’t expect 2014-like returns in stock market
- Best Investment Advisor in India
- Business
- Commodity Market
- Currency
- Equity Market
- FII based calls
- Foreign Markets
- Genuine stock tips provider
- Intraday trading tips
- Intraday trading tips & Strategies
- Investment adviser
- Investments
- IT Industry
- Most accurate stock tips provider
- News
- NSE F&O
- Operator based calls
- Politics
- Portfolio Management Services
- promotions
- SEBI Registered advisory company
- Stock Market
- Uncategorized
After the Sensex and Nifty soared to fresh record highs following exit polls indicating an easy victory for PM Narendra Modi, stock market veteran Rakesh Jhunjhunwala said that the NDA could win up to 300 seats. The ace investor said that after seeing the range in the exit polls, the BJP could get 250 seats, and the allies could get another 50, so in all, would be 300 seats for the NDA, plus or minus 10. Sharing his view on the direction of the stock market going forward, Rakesh Jhunjhunwala said that if NDA gets a clear majority, 10,750 to 11,000 would be the bottom for stock markets.
According to the expert, while the stock market returns will be good, Nifty may not return 30% like it did in 2014, after Modi’s win. “The stock markets have already priced in some kind of dispute between US- China. I think Nifty made a bottom at about 11,000. How high will it go, how long will it take, that only posterity can tell. We can know the direction, and an approximate high or bottom, we cannot predict other things. I don’t think the market will return 30% this year. But, markets are going to be good,” ace investor Rakesh Jhunjhunwala said in an interview to CNBC TV18.
Sharing his key expectation from a likely NDA-2, Rakesh Jhunjhunwala told CNBC TV18 that the performance of the Narendra Modi-led government will be better in the second term. “Now, after being at the helm for 5 years, Mr Modi has got a team, and the confidence would be high after having won two elections. So, he could take more bold decisions,” Rakesh Jhunjhunwala told the channel. I expect this 5-year term to be better because the expectations have been moderated but the performance is likely to be better, he added.
Meanwhile, the Sensex and Nifty have retreated on Tuesday afternoon, after hitting respective fresh record highs. The Sensex hit a new record high of 39,571.13, while the Nifty soared to a new high of 11,883.55, buoyed by the robust exit poll expectations for the NDA government. HDFC, RIL were top gainers jumping up to 3%. Continuing their robust gains from yesterday, private sector banks Axis Bank, HDFC Bank, Kotak Mahindra Bank hit a new lifetime high on Tuesday. HDFC Bank shares hit a fresh record high of Rs 2,449.45, while HDFC shares gained nearly 3% to hit a fresh record high of Rs 2,178 on BSE. Yesterday, the Sensex and Nifty registered their best day in 10 years, buoyed by the optimism of exit polls.
- To know more about us or our services,
- kindly visit www.buildcaps.com
- Best Investment adviser in India & Genuine Stock advisory company.
#1 stock adviser in India 100% Sureshot operator calls Accurate stock tips provider Best Equity Portfolio Management Best Intraday calls provider Best Intraday Tips Best Intraday tips provider Best Investment adviser in India Best SEBI registered advisory company Best SEBI registered stock advisory company Best stock advisor Best stock advisor websites Best stock advisory company in India Best stock tips provider Best stock tips provider in india Genuine stock market tips provider India no 1 stock advisory company India’s top rated advisory company India’s top rated Stock tips provider Intraday calls in stock future Intraday calls in stock market Intraday Sureshot tips Intraday Sureshot tips provider Intraday trading tips in stock market Top rated Portfolio Management services Top rated SEBI registered stock advisory firms
Archives
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- March 2023
- February 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
Categories
- Best Investment Advisor in India
- Business
- Commodity Market
- Currency
- Equity Market
- FII based calls
- Foreign Markets
- Genuine stock tips provider
- Intraday trading tips
- Intraday trading tips & Strategies
- Investment adviser
- Investments
- IT Industry
- Most accurate stock tips provider
- News
- NSE F&O
- Operator based calls
- Politics
- Portfolio Management Services
- promotions
- SEBI Registered advisory company
- Stock Market
- Uncategorized
Calender
M | T | W | T | F | S | S |
---|---|---|---|---|---|---|
1 | ||||||
2 | 3 | 4 | 5 | 6 | 7 | 8 |
9 | 10 | 11 | 12 | 13 | 14 | 15 |
16 | 17 | 18 | 19 | 20 | 21 | 22 |
23 | 24 | 25 | 26 | 27 | 28 | 29 |
30 | 31 |