See reforms, PSU divestment high on agenda: Ramesh Damani

89069 Investors following Bharti Airtel. Share this News with them.

0

Like this story, share it with millions of investors on M3

See reforms, PSU divestment high on agenda: Ramesh Damani

Ramesh Damani, a member of the Bombay Stock Exchange, said he sees an unprecedented sense of jubilation among investors post declaration of poll results. Damani said he expects a huge thrust on reforms from the new government, which will likely be led by the banking space. He believes that the market will remain buoyant till the Budget.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See what other experts are saying about markets See what FIIs are saying about the markets See what Udayan Mukherjee is saying about the markets Nifty BSE | NSE 25/05/12 Are Mutual Funds betting on Nifty? Other Stocks in this news Reliance Industries | Infosys | DLF |

Ramesh Damani, a member of the Bombay Stock Exchange, said he sees an unprecedented sense of jubilation among investors post declaration of poll results. Damani said he expects a huge thrust on reforms from the new government, which will likely be led by the banking space. He believes that the market will remain buoyant till the Budget.

Furthermore, he added, there is a possibility that government will go ahead with divestment soon.

"However, there is reason for optimism but only time will tell if India is decoupled from the global economy," he said, adding, "I am still circumspect of the global situation." He said he sees a gush of foreign institutional investors (FII) flows-"we may see up to USD 5-6 billion in a few months," he said.