STOCK DOCTOR
dr gs sood
The market has gained about 40 per cent in a year and is trading at
an all-time high with mid-caps and small caps gaining around 65 per cent and 90
per cent, respectively, mainly driven by change in the sentiment led by the
formation of a government with a strong majority and a Prime Minister who is
the most pro-growth pro-investment leader in the world with the credentials,
will and capability to deliver. But, this also makes Modi the biggest risk for
the market — if something happens to him or if he fails to deliver. Besides a
stable government that holds the promise of reforms, the market is rising due
to change in the environment led by small steps such as scrapping of the
Planning Commission, removal of diesel subsidy, launch of Jan Dhan and Swachh
Bharat programmes, faster decisions and making the bureaucracy work, to name
just a few.
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