Want to invest in stock market? Bernstein predicts a short-term rally soon if…
Hindustan TimesBernstein said that the Indian stock market could witness a short-term rally if the Bharatiya Janata Party returns to power with 330-350 seats. This has a high probability, the global research firm said, predicting that the rally could push Nifty 50 past the 23,000-mark and would be followed by profit-taking "as the reality of execution and valuations emerge." Bernstein noted that expects infrastructure, manufacturing, domestic cyclical sectors, some financials, and state-owned enterprises could outperform. Highlighting the role of government in managing capital expenditure, the report said, “A change will likely deliver haphazard growth with the risk of a shorter upcycle with structural challenges after that for those linked to capex.” 4 possible outcomes for elections and impact on stock markets as per Bernstein Bernstein said that there could be an impact on the stock markets in case of four possible election outcomes: