Even as the market greeted the UPA result with an upper circuit opening on Monday — something which has happened for the first time in history — Shankar Sharma, Vice Chairman and Joint MD, First Global said the win was an amazing verdict.
“This win is the ultimate game changer for the country, comparable to what happened in ‘84-‘85 and in ’91,” he said. Sharma said a 40% rally may happen in the next two to three months. “We have got a huge shot in the arm. I think let us just enjoy the moment,” he said. “Then we will regroup and we will reassess what is to be done but this does give us a chance to climb our way somewhat out of the bear market. We will see whether it takes us completely away into the bull market territory. That is still some distance away.”
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