New Delhi, (PTI) Equity markets will respond positively to the BJP’s big wins in Madhya Pradesh, Rajasthan and Chhattisgarh assembly polls, as a stable political environment could further boost investors’ confidence and drive stocks higher, analysts said.
Besides the state elections outcome, global trends, trading activity of foreign investors, and RBI’s interest rate decision are the other major factors that will drive the movement in the domestic equity markets this week, they added.
The BJP was set to form the government in the Hindi heartland states of Rajasthan and Chhattisgarh while retaining power in Madhya Pradesh with an emphatic win, according to counting of votes on Sunday. In Telangana, the Congress was set to form the government.
