Raamdeo Agrawal sees room for more gains in stocks after Pakistan feud

The S&P BSE Sensex Index has jumped 8 per cent from a low on Feb 19, days after the suicide bombing in Jammu and Kashmir's Pulwama

The gains in Indian stocks after a breakout in tensions with Pakistan may have room to run, according to a veteran stock picker.

Prime Minister Narendra Modi’s strong response to a suicide bomb that killed 40 Indian troops in Kashmir has increased the chances that a stable government will be elected in upcoming general elections, said Raamdeo Agrawal, who helped develop Motilal Oswal Financial Services Ltd. into a billion-dollar company. And that bodes well for the economy and equities, he said.

Since Modi retaliated with airstrikes against what New Delhi said was a terrorist training camp in Pakistan, at least