As the Indian Stock Markets scaled record highs for the second day in a row and post state election result rally continued on Tuesday, experts are betting on domestic focused sectors and stocks.
The strong domestic growth has remained supportive for resilience in the Indian stock markets despite global slowdown fears. The confidence on India’s GDP growth has been a key reason that has driven FPI (Foreign Portfolio Investor) investments into India. With the favorable verdict in the state elections the political stability in the country is likely continue. This is vital for the country’s growth prospects.
In fact experts as as Jitendra Gohil, Chief Investment Officer, Kotak Alternate Asset Managers now believe that market is still underestimating India’s GDP growth