gfiles magazine

May 9, 2015

Waning sentiments?

When analysts start talking of India as a good long-term story for five to 10 years, that itself is indicative of what lies in store for the market in the short-medium term. May I ask them if they can predict the political landscape of the country for such a long period, never mind the economy and the financial markets? The market has run up a lot purely on sentiment coupled with a fair bit of good luck—but both elements are seen to be waning fast.

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