As we all know that in India elections play a crucial role on the govt which is going to remain in the centre and thus it makes sense to track the same and as it is we are seeing elections in 5 prominent states in india with mega UP in fray which can make or break the govts at the centre.
Samir Arora, Fund Manager of Helios Capital has expressed his views on market after the elections probabilities and his opinion is as appended below:
If the correction happens because genuinely these things have not been solved and I cannot imagine how they can be solved. They could be sort of defused by let us say there is a price rise which would be considered as a pro -reform and whole of India will share in that cost. It all depends on for example elections, if by chance BSP wins we don't know what happens. So right now the odds are that that they will loose and there is other coalition of Congress and others will win but all these things matter. In some sense, if there are serious disappointments, the market will fall more because you cleaned out all the shorts and everybody has become bullish and everybody is long and excited with every news that comes out now and its all within 30 days. Now any news which comes out is viewed with a positive angle and so we are also as we said renting this rally, we have not bought into it yet.