NIFTY 50

Indian market unwinding underperformance due to upcoming election results, says Udayan Mukherjee

Updated : April 01, 2019 01:05 PM IST

While global liquidity is lifting all boats, India till the end of February was underperforming because of its own reasons which are political in nature, said Udayan Mukherjee of CNBC-TV18.

“That too has turned around in the month of March and now all opinion polls are suggesting an outcome which the market had been hoping for,” he said.

On global markets, Mukherjee said, “They are rallying because of liquidity and India is unwinding its underperformance because of election results which are now seeming to be more benign.”

“It’s a combination of these two which has led to monster rally up to 11,600 and all indications are that we may rally from here on maybe past even 12,000,” he added.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV