BJP election win, stock market: Defence, CG, power shares may do well

BJP election win, stock market: Defence, CG, power shares may do well if NDA retains power Defence, capital goods (CG), industrials and power shares may do well if the BJP-led NDA comes to power for the third straight term. A weaker BJP mandate may, on the other hand, lead to more spending on consumption and lower income households that broader markets may not like, UBS said in a note. Such a scenario, the foreign brokerage said, could help consumption-led sectors perform relatively well. While UBS expects a BJP retaining single majority ie over 272 seats as its base case, any unexpected outcome will likely be perceived negatively at least at first, due to political instability and possible policy paralysis weighing on business sentiment and impacting investor confidence. [Read more](/dHJpc3RyYW1iYWxkd2luODVAZ21haWwuY29t/aHR0cHMlM0ElMkYlMkZ3d3cuYnVzaW5lc3N0b2RheS5pbiUyRm1hcmtldHMlMkZtYXJrZXQtY29tbWVudGFyeSUyRnN0b3J5JTJGYmpwLWVsZWN0aW9uLXdpbi1zdG9jay1tYXJrZXQtZGVmZW5jZS1jZy1wb3dlci1zaGFyZXMtbWF5LWRvLXdlbGwtaWYtbmRhLXJldGFpbnMtcG93ZXItNDMxMTA5LTIwMjQtMDUtMjg=) Â In order to unsubscribe from this mailing list, please click, please Click [here](/dHJpc3RyYW1iYWxkd2luODVAZ21haWwuY29t)