Tuesday, 10 December 2013

Modi’s magic spell in share market too:


Apparent as it is, it is Narendra Modi’s wave every where and so is in the share market too. The more the wave, more are upward fluctuations in the stock market. Stock market in a way represents all categories of the people –the biggies, the mediocre and even the low paid ones, and that is the reason the impact of the Modi wave is more visible in this market. When there were opinion poll results highlighting Modi’s popularity, both Nifty and Sensex rose upward and the latest being results of elections held in Delhi, Madhya Pradesh, Rajasthan and Chhatisgarh where BJP could tremendously lead a sweep which can well be seen as the charismatic impact of Modi wave. Some of the experts opine that this impact may not prove to be a lasting one. Nothing is ever lasting and every change in some scenario or the other is always subject to plus and minus in varying degrees, but the fact is that the Modi impact is quite visibly observable at the  moment. Share market is always known as the one that fluctuates abnormally and that is the very character of it, what can’t be ruled out is the reality that Modi’s impact did occur in this field also, it may last or dwindle is altogether a different matter.

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