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Modi government and stock market: What lies ahead?

Going forward, the equity market will be volatile with downward bias till two more major state elections are completed in December 2018

Modi government and stock market: What lies ahead?
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G Chokkalingam Mumbai
During the last four years of Modi government, the entire market cap of all Bombay Stock Exchange (BSE) went up by whopping 73% to Rs.145 lakh crore now from Rs.84 lakh crore as of May 2014. This is phenomenal considering the fact that the base of domestic market cap grew exponentially in this millennium – from a meagre around Rs.6 lakh crore in 2000 to over Rs.84 lakh crore in May 2014, a rise of over 14 folds! 

Bold initiatives on economic reform front by the Modi government seem to have helped the capital markets to rise by such phenomenal

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