2. He has stated that he is very happy seeing UPA win and it will be a cake walk for the next Finance Minister for the next 5 years. Rakesh Jhunjhunwala Portfolio was most likely to be affected by CPM agenda and he is happy that present electoral verdict has given a new direction to Indian politics and it may mark an end of smaller parties affecting major parties of the nation.
3. He is further hopeful that fiscal deficit of the country will be well taken care and country will see more FDI and it will lead to more investments. He is hopeful that Nifty is likely to trade in a range of 3200-4500. His one comment which needs deliberated is that one can be sure of the trend of the market but it is very difficult to ascertain the correct depth of the market. One will see a rally in market on Monday as bulls have not participated in this rally as yet.
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