India Elections ‘24 and it’s impact on Markets
Hey fam, how’s it going??? Given the exit poll flipping and not enough visible strength panning out for NDA, it will be difficult for the ruling party to work on reforms, pass bills and policy continuity as there will be strong opposition pushbacks. The entire modi stock play across psu banks, infra, power, railways, adani stocks, etc seem to have corrected deeply which were rallying based on exit polls. A lot of them are circuit down. I feel it’s better to hold on to cash reserves and see if NDA atleast secures 300+. If NDA come to power with strong opposition, how do you think the modi stocks will pan out? Do you all think they will still be strong bets in modi 3.0?
Just saw Ind Money and it's all Red. Good thing i didn't invest in modi stocks or any Mutual funds recently. Although, I'll be buying some Mutual Funds today or tomorrow at lower NAV's worth 70k
All idiots lost lots of money after betting on the Exit Poll, it was so much fun😄
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