From leading investors Mark Mobius to Jim Rogers, PM Modi's return to power for the third time will ensure continuation of the government's strong policy in the economic sector.
According to Mobius, if PM Modi gets more than 400 seats, "we will make another big effort to bring about major changes in India, especially in the infrastructure sector".
Mobius showed its interest in infrastructure-related stocks, saying infrastructure will see a "good boost" going forward.
On the other hand, Rogers said that PM Modi has taken many initiatives which are beneficial for the economy.
"If PM Modi wins, I hope the Indian stock market will remain strong," he was quoted in reports as saying.,
"If the Indian stock market falls significantly, I will change my strategy and start investing in India again," he said.
On Wednesday, top global brokerage S&P Global raised India's outlook to positive from stable, which Finance Minister Nirmala Sitharaman called a 'good sign' for the economy.
According to FM Sitharaman, the rating revision is a validation of India's strong growth and promising economic outlook.
Meanwhile, the Indian stock market witnessed slight volatility since the start of the first phase of elections – a similar situation was seen in previous elections as well.
Since voting began on April 19, the Sensex remained broadly in the range of 73,000-75,000, while the Nifty hovered between 22,000-23,000 levels.Ahead of the general election results on June 4, foreign institutional investors (FIIs) and individual traders are not considering index futures, market experts said on Thursday.
“This shows that there is a high probability that the NDA will be successful,” said Vaibhav Vidwani, research analyst at Bonanza Portfolio.
Additionally, profit taking is evident in the current market as investors seek to protect themselves from unexpected losses in this highly volatile market. Vidwani said.
According to Mobius, if PM Modi gets more than 400 seats, "we will make another big effort to bring about major changes in India, especially in the infrastructure sector".
Mobius showed its interest in infrastructure-related stocks, saying infrastructure will see a "good boost" going forward.
On the other hand, Rogers said that PM Modi has taken many initiatives which are beneficial for the economy.
"If PM Modi wins, I hope the Indian stock market will remain strong," he was quoted in reports as saying.,
"If the Indian stock market falls significantly, I will change my strategy and start investing in India again," he said.
On Wednesday, top global brokerage S&P Global raised India's outlook to positive from stable, which Finance Minister Nirmala Sitharaman called a 'good sign' for the economy.
According to FM Sitharaman, the rating revision is a validation of India's strong growth and promising economic outlook.
Meanwhile, the Indian stock market witnessed slight volatility since the start of the first phase of elections – a similar situation was seen in previous elections as well.
Since voting began on April 19, the Sensex remained broadly in the range of 73,000-75,000, while the Nifty hovered between 22,000-23,000 levels.Ahead of the general election results on June 4, foreign institutional investors (FIIs) and individual traders are not considering index futures, market experts said on Thursday.
“This shows that there is a high probability that the NDA will be successful,” said Vaibhav Vidwani, research analyst at Bonanza Portfolio.
Additionally, profit taking is evident in the current market as investors seek to protect themselves from unexpected losses in this highly volatile market. Vidwani said.
