Do you think the UPA govenment rule will move up the stock market ?
By nainesh1
@nainesh1 (1656)
India
May 17, 2009 6:49am CST
As the UPA has got majority in the elections . This time there would not be any blackmailers around and the decision making will be easy.
Will this be positive effect for markets ?
3 responses
@sanuanu (11235)
• India
18 May 09
I don't think that Market is reacting to UPA government but it is due to the fact that now there are very less percentage of chnace that we will ahve mid term poll. Market has moved up 1300+ points in sensex and 500+ points in Nifty.
The next big thing would be the Budget in July!
@tulipstrader (1467)
• India
17 May 09
i feel the market is relieved to have a government that is free of any Left wing presence. initially many felt if UPA comes, markt will behave neutral provided congress get more than 160 seats. but now they have more than 200 and together with alliance partners close to 260 they are in a comfortable position. also now they can choose who can be their partner for the rest of the 12 seats. so mulayam singh's SP and communists parties will be shown the door, which is a good sign. also Lalu will be kept out as he has nothing to offer.
only problem i see is money being siphoned out of system in through high priced infrastructure projects and social welfare schemes which means nothing to any one. also the market jubilation will last only for few days, at the most a week. then global reality will bite us very hard. and corporates need time to recover and start showing high growth, all of which is again tied to global recovery (not stock market, but corporate earnings).
@missduckey (94)
• United States
17 May 09
I personally think the government controls everything that it can, and there's a lot that we don't (and never will) know.
Oh well. Ignorance is bliss, and I sure am happy not knowing. :)