CLSA highlighted a wave in favour of Narendra Modi as one of the probable reasons for BJP winning 202 seats in the 2014 election. Photo: Mint New Delhi: Opinion polls may be unreliable, but the markets favour the main opposition Bharatiya Janata Party (BJP) over the Congress party-led United Progressive Alliance (UPA) government to win next year’s general elections, Hong Kong-based securities house CLSA Asia-Pacific Markets said on Monday. “It is clear that the market favours one outcome over another. It is their right to do that,” Christopher Wood , equity strategist at CLSA, told reporters at the CLSA India Forum in New Delhi. The brokerage, in a presentation, also projected the state-wise performance of BJP and the probable reasons for it securing 202 seats in the 2014 election: a wave in favour of the party’s prime ministerial candidate Narendra Modi ; the appeal of Modi to urban voters; anti-incumbency; polarization; and the strong performance of BJP st...
Comments
Post a Comment