INSUBCONTINENT EXCLUSIVE:
Market veteran Shankar Sharma does not see any substantial bounce in the domestic equity market even if BJP returns to power in the
forthcoming general elections.
In last two elections, the market has seen substantial bounce post the election results
In 2014, a change in guard at the Centre triggered a rally across the board, with midcaps and smallcaps leading from the front
When UPA-II came to power, the domestic indices had hit upper circuits on the day of election outcome.
But Sharma says he sees no big move
this time if the ruling party is re-elected
An opposite outcome, in fact, could only be a temporary negative for the market
adverse verdict for BJP, the impact will be negative but only for a short duration
If another government comes in, it might mean a bad thing for temporary period, but the market might then end up thinking that maybe new
thinking might not be such a bad thing
So we will wait and see," Sharma said.
He, however, said the current environment is quite attractive for equity investment.
Sharma said he
current discussions and discourse
harmony, progress, and not talks on war, he said.
Sharma, Vice-Chairman and joint MD of First Global, said he is very optimistic about
global equities, especially emerging markets
good earnings and no leverage
perspective, the Dalal Street veteran is positive on the smallcap space after the recent fall
decades of experience, Sharma said the chemicals space looks good right now
