Ab ki baar NDA Sarkar? Analysts turn 'defensive' on India after LS polls

Stock market strategy: Financials, analysts said, offer the best risk-reward. Consumer staples, IT, and pharma also look reasonably valued for their quality of earnings and growth

Market strategy post Lok Sabha elections 2024: Most analysts have turned 'defensive' on India, at least for now, as a fractured mandate in the 2024 Lok Sabha elections has raised doubts over a stable government and policy continuity.

While the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) is likely to form the new government, policy uncertainty may rise, decision-making or further reform push could slow, and policy priorities might shift in the near-term, they said.

"We turn defensive on the markets after the adverse results in the general elections, with the BJP missing an absolute majority. Our