The election results were extremely good for the Indian equity market. Liberalization of banking and insurance sector, more spending on infrastructure and social welfare including health sector reforms can take place. Growing fiscal deficit and handling terrorism are the key challenges for the new government. In the new term Dr. Manmohan Sing led UPA government will get more freedom especially in decision making.
The marketmen will give thumps up on Monday morning and it will push Sensex towards 13000 and Nifty towards 3900 levels.
