Indian Markets are at new all-time high largeley fuelled by pre-election optimism

Views of Mr. Lalit Thakkar (MD-Institution, Angel Broking) on Today's market movement:

"The equity markets are at new all-time highs largely fuelled by pre-election optimism. Markets are factoring in a strong positive mandate in the outcome of the upcoming general elections. In addition, of late global cues have also been favorable for Indian equities. Moreover, domestically a key positive is that headline inflation has eased considerably during the recent February 2014 readings mainly on account of cooling food prices. I am positively biased since I believe that once we are through with the elections, greater policy certainty is likely to drive announcement of new projects and revival in the investment cycle would aid in invigorating GDP growth."

Source : Equity Bulls

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