Equity markets in India will fall if Prime Minister Narendra Modi’s party fails to retain power in national elections due next year, according to Chris Wood, the global head of equity strategy at Jefferies LLC.
If the ruling Bharatiya Janata Party faces a surprise defeat in the national polls, as happened in 2004, “then I would expect a 25% correction if not more,” Wood said at an industry event organized by the Business Standard…
Share this:
Discover more from #News247WorldPress
Subscribe to get the latest posts sent to your email.