Let’s wait for the good days

THE market may not be able to post any major gains post-May 16 since it has already factored in the formation of an NDA government though it may still have some upside if the NDA gets a clear majority. But a knee-jerk steep correction is waiting to happen if the NDA gets barely past 200 and is stranded somewhere around 200-225 seats. The Sensex, at the current PE of more than 19, is trading at a slightly higher level than the 10-year historic average of around 18.5. Macros have improved considerably and there is more stability around the world.


About gfilesmagazine

gfiles is the country's first independent magazine written, designed and produced for India's civil services—the vast and formidable network of bureaucracies and public sector organisations that provides continuity and stability to this nation's governance.
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