Market caps due to oil, political concerns amid 2019 general elections, says Nilesh Shah
Updated : May 31, 2018 08:50 AM IST
The market has been capped because of oil, high interest rates, political concerns amid the 2019 general elections and the credit squeeze in the economy, Nilesh Shah, managing director at Kotak Mahindra Asset Management Company, told The Economic Times.
The news media group spoke to Shah regarding the weakened currency and if the rupee will settle in the near future.
On the upcoming 2019 general elections, he told the paper, "Market wants a reform-oriented government rather than an unstable coalition government. If they get a stable government, markets will be fine."