Bernstein Predicts Profit Booking in Indian Stock Market Post Lok Sabha Elections 2024

Indian Stock Market Likely to Witness Profit Booking Post Lok Sabha Elections 2024

Brokerage firm Bernstein predicts profit-taking after elections, citing pre-election euphoria and high expectations.

Election Results to Trigger Short-Term Negative Reaction

Bernstein anticipates a sell-off after elections, especially if the ruling party coalition doesn't meet sky-high expectations.

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Macro Story to Drive Market Amidst Profit-Booking

Analysts foresee modest downsides post-elections but expect manufacturing and capex themes to persist.

Market Correction Inevitable Despite Majority Win

Even with a majority, a below-consensus result might trigger an overreaction, but the overall market narrative remains positive.

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