A week is long time in politics. And a month even longer in markets. In March, we had anticipated that a simmering conflict at the border will increase the chances of a clearer verdict in the general elections and will hence reduce the event risk. But the pace and extent of the market gains have surprised us also notwithstanding the lowered risk of a “hung parliament”.
While we continue to favour corporate banks (a consensus view now) and closely follow the green shoots in private secto ..
