2019 elections mere 'interruptions', stocks will climb in 2019: Edelweiss

While investors in India are worried about upcoming elections and threats to economic expansion, it’s not yet time to lighten up on equities, according to Edelweiss Financial Services Ltd.

The polls are mere “interruptions” that won’t disrupt the nation’s economic structure or business cycle, analysts led by Aditya Narain wrote in a note earlier this week.

Political uncertainty is emerging as the key risk as Prime Minister Narendra Modi’s Bharatiya Janata Party faces elections in five states before a national vote to be held by May. Some opinion polls are predicting a win in Rajasthan for the main opposition Congress,