Rout of congress in three states and strong show by BJP indicates 2014 may see BJP in center with clear majority. It indicates strong probability of a stable and pro business government at center – and market will definitely welcome it.
We have been repeatedly saying that the market is in uptrend
and we expect Nifty to cross 7000 in 2014. There was one more positive news last
week – the current account deficit fell sharply to 1.2 percent of GDP, in the
July-September quarter of this fiscal. It was helped by decline in gold imports
(due to rise in import duty) and turnaround in exports.
We reiterate that there are immense gains possible in long
term investments if one picks up the right stocks now. 2014 is going to be a
year of major transition for India, and we hope you do not remain on the
sidelines missing this great opportunity. Stay tuned and do contact us to gain
from the India’s growth story which is yet to unfold its full glory.
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