As the high-octane campaigning for the final and seventh phase of the Lok Sabha elections concluded on Thursday, global market investors have made their sentiments clear: Prime Minister Narendra Modi\u2019s re-election would bolster the Indian stock market and drive economic growth to new heights.<\/p>\n\n\n\n
Ace investors like Mark Mobius and Jim Rogers have expressed confidence that a third term for PM Modi would ensure the continuation of the government\u2019s robust economic policies. Mobius emphasized that if Modi secures over 400 seats, it would lead to significant advancements, particularly in infrastructure. \u201cWe will see another big push in India for substantial changes, especially in the infrastructure sector,\u201d Mobius said, indicating his keen interest in infrastructure-related stocks.<\/p>\n\n\n\n
Rogers echoed similar sentiments, stating that PM Modi\u2019s various initiatives have been beneficial to the economy. \u201cIf PM Modi wins, I expect the Indian stock market to remain strong,\u201d Rogers said. He added that a significant dip in the Indian stock market would prompt him to start investing in India again.<\/p>\n\n\n\n
On Wednesday, top global brokerage S&P Global upgraded India\u2019s outlook from stable to positive, which Finance Minister Nirmala Sitharaman hailed as a \u2018good omen\u2019 for the economy. She stated that the rating revision validates India\u2019s robust growth and promising economic outlook.<\/p>\n\n\n\n
Despite some volatility since the start of the election\u2019s first phase\u2014a trend seen in previous elections\u2014the Indian stock markets have remained relatively stable. The Sensex has largely stayed in the 73,000-75,000 range, while the Nifty has hovered between 22,000-23,000 levels since the polls began on April 19.<\/p>\n\n\n\n
Market experts noted on Thursday that, ahead of the general election results on June 4, foreign institutional investors (FIIs) and individual traders are net long on index futures. \u201cIt shows a high possibility that the NDA will succeed,\u201d said Vaibhav Vidwani, Research Analyst at Bonanza Portfolio. Vidwani also observed that profit booking is evident as investors.<\/p>\n","protected":false},"excerpt":{"rendered":"
As the high-octane campaigning for the final and seventh phase of the Lok Sabha elections concluded on Thursday, global market investors have made their sentiments clear: Prime Minister Narendra Modi\u2019s re-election would bolster the Indian stock market and drive economic growth to new heights. Ace investors like Mark Mobius and Jim Rogers have expressed confidence […]<\/p>\n","protected":false},"author":1,"featured_media":2488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-2487","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-national"},"yoast_head":"\n