Home / Elections / Assembly Election / News / BJP's poll victories and impact on Sensex: Go long and stay long

BJP's poll victories and impact on Sensex: Go long and stay long

Every trend-following system would advocate going long and staying long

Premium

Last Updated : Mar 20 2017 | 11:55 AM IST

Assembly elections proved to be a triumph for the Bharatiya Janata Party (BJP) and the results cemented Prime Minister Narendra Modi’s position as the only individual capable of delivering a pan-India mandate. The BJP recorded decisive victories in Uttar Pradesh and Uttarakhand, and it will also form governments in Goa and Manipur, never mind how!

That UP mandate in itself was enough to boost sentiment and the market promptly jumped to a new high. The rupee also strengthened sharply since the market actually rose on substantial foreign institutional investor buying —many domestic institutions sold into the rally. Interestingly the rupee

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in