Published on Sat, May 16, 2009 at 15:17 | Source : CNBC-TV18
Updated at Mon, May 18, 2009 at 08:48
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Market verdict: Euphoria to continue on bourses-I
Going by the opinions voiced during exit polls, this is the best case scenario for markets. Market gurus Rakesh Jhunjhunwala, Manish Chokani and Samir Arora raise a toast to the verdict and predict a grand rally on Monday.
The verdict is out for India's 15th Lok Sabha elections. The electorate chose stability over individual success stories and brought back Congress-led UPA sans the Left. Going by the opinions voiced during exit polls, this is the best case scenario for markets. Market gurus Rakesh Jhunjhunwala, Manish Chokani and Samir Arora raise a toast to the verdict and predict a grand rally on Monday.
Here is a verbatim transcript of the exclusive interview with Rakesh Jhunjhunwala, Manish Chokhani and Samir Arora on CNBC-TV18. Also watch the accompanying video.
Q: Do we get one circuit up on Monday or do we get two circuits up?
Jhunjhunwala: All of us are focused on what's going to happen on Monday but don't forget that I am also an investor. I think what's more important is what's going to happen - not over the next 15 days but over the next 15 months and 15 years. I think it's a game changer here that finally the divided polity or a divided country, I think its not come to an end but coming to an end and we are having a government in power which has last time indicated lot of reforms they wanted to do but could not because the allies did not agree. At this crucial juncture in the global scenario and in India's history, I think this victory is very important. Important for what's going to happen in the next four months but I think more important is what's going to happen in the next four years and next ten years. Continued on next page ...
