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Election results: Focus should now be on domestic factors, says stock expert SP Tulsian

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The latest analysis and commentary by stock market guru SP Tulsian of sptulsian.com on what is moving the markets today.

With the continuation of the Narendra Modi government at the Cente, Indian economy has the potential to record the highest growth rate in 4-5 years and the focus should be on domestic factors for growth,  said stock market guru SP Tulsian of sptulsian.com.
Speaking about the strong profit-booking move in the market, Tulsian has said that this is an excellent time for investors also. "Experts should stop criticising the GST and demonetarisation from here on.  We should also stop listening to the biased economist. I wouldn’t hesitate to say it. Raghuram Rajan stated that there was fiscal space for Nyuntam Aay Yojana (NYAY), Manmohan Singh and P Chidambaram also said there was room for NYAY. If it  got implemented, whether by BJP or by Congress, it would have hurt our economy, so thanks that we are not seeing this biased economist, stop listening to them,” he observed.
“Now focus purely on the domestic factors and look for growth. Domestic factors mean look for the government formation, look for who is coming as finance minister, defence minister, home minister etc. and all sort of things, then keep an eye on the budget,” Tulsian said.
According to Tulsian, US-China trade tariff war will become a positive for India that will support the growth momentum.

Market Movers

CompanyPriceChange%Loss
ONGC120.25 -4.85
Coal India146.40 -5.75
JSW Steel670.60 -25.75
NTPC113.55 -3.85
UPL808.00 -27.05
CompanyPriceChange%Loss
ONGC120.35 -4.65
NTPC113.55 -3.70
Power Grid Corp233.00 -6.70
M&M784.85 -20.60
Nestle17,678.30 -375.20
CompanyPriceChange%Loss
ONGC120.25 -4.85 -3.88
Coal India146.40 -5.75 -3.78
JSW Steel670.60 -25.75 -3.70
NTPC113.55 -3.85 -3.28
UPL808.00 -27.05 -3.24
CompanyPriceChange%Loss
ONGC120.35 -4.65 -3.72
NTPC113.55 -3.70 -3.16
Power Grid Corp233.00 -6.70 -2.80
M&M784.85 -20.60 -2.56
Nestle17,678.30 -375.20 -2.08

Currency

CompanyPriceChng%Chng
Dollar-Rupee73.8600-0.2175-0.29
Euro-Rupee87.8770-0.4200-0.48
Pound-Rupee102.2970-0.9290-0.90
Rupee-100 Yen0.6699-0.0019-0.29