Indian Govt has won the majority vote by a narrow margin. Market was expecting this and has already priced in this news in last 4 sessions. Market is up more than 10% in last 4 days.
Now political uncertainty is out of the way, issues like interest rate, inflation will weigh on the equity prices.
MM numbers are improving which is good sign. Next fews days would be crutial to see if market can hold on to gains. Banking sector is the one to watch.
Stocks to watch
Cipla
Punjab Chemicals
United Spirit
Maruti
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