The Sensex do not know whether to go southward or northward. Political trouble as the Delhi CM resigns. Kejri has given the impression that he is the statesman India needs. He says the corrupt are hindering him. He has sacrificed a lucrative career and opted for social activism. Then he renounced that social activism for political activism. Now he has renounced his political position as the CM and now is the true Aam Admi, the common man, about to redeem the plight of the common man in India !
But will his intelligence bring home the bacon ? Many think so. He is confident of getting 50 Lok Sabha seats. He resigned saying that both Congress and BJP do not want to pass the Lok Pal Bill, the Anti Corruption Bill !
Now you ask, what has all this go to do with the Stock Market ? Everything ! Economics is linked to Politics. Latest surveys show that AAP may get 50 seats ( as Kejri foresees ), and Congress < 100 !
If BJP gets 272 + or if BJP gets around 200 and then with the help of the other parties forms a Government at the Center, the Sensex can soar !
If , on the contrary, it is a hung Parliament, with nobody getting majority, we are afraid the Sensex may not soar !
There are some optimists who predict that the Sensex may cross 50 K in 2020 ! Sky seems to be the limit ! But let us be realistic and we foresee hidden dangers for the Indian stock market !
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