India continues to be a buy-on-dip market: Jyotivardhan Jaipuria

Jaipuria, founder and MD of Veda Investment Managers, sees growth coming back to India and the world

The markets are likely to give a thumbs-up to the outcome of the recent Assembly elections, Jyotivardhan Jaipuria, founder and managing director, Veda Investment Managers, tells Puneet Wadhwa in an interview. He says the Bharatiya Janata Party’s strong showing in the elections, especially in Uttar Pradesh, is a positive from a long-term perspective.
 
What are the implications of the Assembly elections outcome for the markets and the government’s reform agenda?
 
Our view is that Assembly polls generally do not significantly impact stock markets or policies — after the loss in the Bihar elections, the Modi government continued to