21 March 2017 | The Economic Times

 

Prime Minister Narendra Modi’s election-win magic looks to be casting a spell on the Indian stock market.

The S&P BSE Sensex index will climb more than 8 per cent to 32,000 by the end of December from 29,513.27 on Monday, according to a median estimate of eight traders and investors surveyed by Bloomberg News on March 14, three days after Modi’s landslide victory in state elections. Financial companies and drugmakers are among their top picks on optimism the result will open the gates to foreign cash.

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