Modi 2.0: Markets see continuity in policies

With the Narendra Modi-led NDA getting the largest mandate as an incumbent government since 1984, the stock markets will view the return positively and expect the government to announce a spate of economic reform initiatives over the next few months.
After hitting record-highs on May 23 on news of the BJP-led NDA’s return for the second five-year term with a thumping majority, the Sensex lost all gains with the benchmark closing lower by close to 300 points. Nifty was down by 80 points at 11,657. In technical terms, experts will call it ‘sell on news’ as the final outcome was more or less in line with exit polls.

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