Post the implementation of GST, a very clear trend that is likely to emerge is the higher participation of organised business and shift of business from unorganised to organised sector.
Today, India’s global position is very similar to that mid-cap company which is trading at rich valuations however undergoing some structural changes having potential to change its very orbit.
The Indian Meteorological Department (IMD)’s prediction of an “above normal” summer is bad news for most, and yet music to the ears of investors in a dozen stocks that could gain from the heat wave.
If past experience is any guide, exit polls are at best a good indicator of the trend. Hence, if we follow the trend on UP, it wouldn‘t be an overestimation to expect that BJP might emerge as a single largest party. Even if it doesn‘t cross the 50 percent seat mark, such an outcome is unlikely to rattle the markets beyond a day.
IT stocks continue to remains under pressure on back of talks of re-introduction of immigration bill which proposes to increase wages from USD 65,000 to USD 100,000.