'Markets started building NDA's win in general elections in December 2023'

Inauguration of Ram temple in Ayodhya, weakening of the opposition coalition, etc. had further cemented hopes for the same.

It has been a topsy-turvy fortnight for the markets. MILIND MUCHHALA, executive director, Julius Baer India in an in-person interview with Puneet Wadhwa said that they  remain positive on the small-and midcap space and would look at the current corrective phase as a good time to selectively look at companies where one is convinced about the growth of those businesses. Edited excerpts:

Do you think that the markets are fully discounting the Narendra Modi-led National Democratic Alliance’s (NDA) victory in the general elections?

The markets, probably, started building in an NDA victory in the Lok Sabha elections post the favourable