Investors inclined towards a BJP win next year: CLSA
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 state governments.
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 state governments.
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