Going forward, Rohit Arora believes the rupee movement will be totally dependent on how election results come out, what is the new government‘s reform agenda and how foreign inflows continue to come in.
Vibhav Kappor says a good government can push Nifty to 7200 by year-end, but an unstable government could bring it down to 5500
Politics has moved into high gear as the clock ticks towards elections 2014 and it promises to be the most closely fought elections in recent times.
According to Marco Ravagli, China has lots of headwinds going forward and therefore, India can prove to be a good investment destination for a lot of global equity investors who are seeking for other opportunities.
The mood of the market is to sell more on rallies rather than buying on dips, says Vikas Khemani, Edelweiss Financial Services. â€œMarkets would be a lot more volatile, a lot more uncertain due to the situation on the political front,â€ he says.