Rakesh Jhunjhunwala still sees an NDA government, but advises caution

He was speaking on a day the stock market hit its highest ever levels

Rakesh Jhunjhunwala, one of India’s biggest stock market investors, advised caution ahead of Lok Sabha elections even as he said that the ruling government is likely to come back to power.

He was speaking on a day when the market hit new highs with a little over a month to go before election results. He was part of a panel discussion marking the launch of the latest entrant in the mutual fund industry --  the Sun Pharmaceutical Industries copromoter Sudhir Valia-backed ITI Mutual Fund. Others on the panel were Ramesh Damani, member, Bombay Stock Exchange (BSE); Nimesh Shah, Managing Director