India General Election 2024 - Abki Baar NDA Sarkar? Prabhudas Lilladher's Take

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.Indian electorate have given a fractured mandate in 2024 Lok Sabha elections after it gave BJP absolute majority in 2014 and 2019 elections which took markets by surprise resulting in ~6% cut in NIFTY. Although BJP failed to get absolute majority, NDA victory in an environment of drought (last year), higher global inflation and huge prevalence of freebies and loan waivers seems a commendable task. PM Modi is likely to be only Indian leader after Pt. Nehru to win mandate thrice. We believe portfolio allocations and future policies of NDA Govt will be a key determinant of market movements. Severe jolt to BJP in Uttar Pradesh (new PDA social engineering), Maharashtra (fractured parties) and West Bengal will keep tricky reforms regarding PSU divestment, GST, labor laws, agriculture, modern retail/ Ecom at bay..With elections around the corner in several major global economies including USA, we would watch out for likely stand of U.S. FED and other central banks. Incremental re-rating in PSU, Capital Goods, Infra, Defence, and Railways etc. looks unlikely given stretched valuations until policy clarity emerges. Given expected focus on rural India and normal monsoons sectors like consumer, auto, pharma, private banks, Durables etc. might come to focus, where we had recently increased weights in model portfolio..Click on the attachment to read the full report:.India Lok Sabha Election Results 2024 & The Equity Market: Weak Majority, But Not A Weak Economy: Anand Rathi .DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

India General Election 2024 - Abki Baar NDA Sarkar? Prabhudas Lilladher's Take

Watch for portfolio allocations and budget next month

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