Views of Mr. Vaibhav Agrawal (Head of Research and ARQ):
"The victory of BJP in the assembly elections increases the control of BJP in these states. The assembly election outcome also indicates that PM Modi still remains popular leader in the country, despite decisions like demonetisation. This clearly means that BJP remains a favourite to win the general elections in 2019. This gives BJP another 7 years to continue its pro growth policies. This will be positive for the country as it gives assurance of bring more reforms and also impart stability in the country. Thus we believe that indian equities are set to see higher inflows in the equities, hence we remain bullish on the markets."