India election and stock market

dineshfernando · 1 India election and stock market Fri May 16, 2014 10:34 am

dineshfernando

Senior Manager - Equity Analytics

Posts : 573
Equity Stars : 6034
Reputation : 32
Join date : 2011-02-05

Bombay Stock Exchange Sensex is up 4.62% (1,172 points) today as a result of the business friendly leader Narendra Modi been elected as the Prime Minister of India. The sensex passed 25,000 points.

It's been predicted that Corporate earnings growth for the next fiscal year would be by 25% when Modi comes to power.
http://www.marketwatch.com/story/india-elections-lets-not-get-ahead-of-ourselves-2014-05-15

We too in Sri Lanka badly need a business friendly government to boost corporate earnings. Our corporate earnings are declining every year and businesses are suffering due to high taxes and unfriendly business environment. Our politicians are killing already struggling businesses.

Now many foreign investors will move to India due to Business friendly government in power. This is going to be a big blow for Sri Lanka.

SHARK aka TAH · 2 Re: India election and stock market Fri May 16, 2014 11:04 am

SHARK aka TAH

Expert

Posts : 4360
Equity Stars : 9123
Reputation : 204
Join date : 2013-08-01

dineshfernando wrote:Bombay Stock Exchange Sensex is up 4.62% (1,172 points) today as a result of the business friendly leader Narendra Modi been elected as the Prime Minister of India. The sensex passed 25,000 points.

It's been predicted that Corporate earnings growth for the next fiscal year would be by 25% when Modi comes to power.
http://www.marketwatch.com/story/india-elections-lets-not-get-ahead-of-ourselves-2014-05-15

We too in Sri Lanka badly need a business friendly government to boost corporate earnings. Our corporate earnings are declining every year and businesses are suffering due to high taxes and unfriendly business environment. Our politicians are killing already struggling businesses.

Now many foreign investors will move to India due to Business friendly government in power. This is going to be a big blow for Sri Lanka.

our Maha Raja is too friendly know ......

He has been the Best surpassing previous regimes.

Its just that we need Harsha to be in the SLFP .... and the Market will rise Very Happy

if he becomes the Economic Adviser .....

Very Soon he will join the Govt, in the Next Election Rolling Eyes

D.G.Dayaratne · 3 Re: India election and stock market Fri May 16, 2014 1:42 pm

D.G.Dayaratne

Senior Vice President - Equity Analytics

Posts : 2036
Equity Stars : 8904
Reputation : 57
Join date : 2011-12-13
Location : Kotte

Giving dinner to journalist and some businessmen at Araliyaga Mandiraya is not Business Friendliness "

"Power Hungry" and " Business friendliness" are two different Concepts

stevenapple · 4 Re: India election and stock market Fri May 16, 2014 2:42 pm

stevenapple

Assistant Vice President - Equity Analytics

Posts : 632
Equity Stars : 5507
Reputation : 15
Join date : 2014-04-10

We can expect two up waves relation to Political change..
2nd Wave --- The day existing government toppled
1st Wave & Significant Wave -----The day which ranil is replaced. Very Happy

dhanurrox · 5 Re: India election and stock market Fri May 16, 2014 2:47 pm

dhanurrox

Vice President - Equity Analytics

Posts : 1158
Equity Stars : 7229
Reputation : 65
Join date : 2011-08-28

Whatever script is written for green here. alien

Balanced_Views · 6 Re: India election and stock market Fri May 16, 2014 7:06 pm

Balanced_Views

Assistant Vice President - Equity Analytics

Posts : 647
Equity Stars : 6012
Reputation : 20
Join date : 2013-07-23

Modi winning is good for SL-India relations. ASPI will go up to 6500

SHARK aka TAH · 7 Re: India election and stock market Fri May 16, 2014 7:14 pm

SHARK aka TAH

Expert

Posts : 4360
Equity Stars : 9123
Reputation : 204
Join date : 2013-08-01

A strong Indian govt will have positives n negatives for neighbors. A testing period ahead

celtic tiger · 8 Re: India election and stock market Fri May 16, 2014 7:52 pm

celtic tiger

Senior Manager - Equity Analytics

Posts : 520
Equity Stars : 5922
Reputation : 21
Join date : 2013-03-23

Foreign inflows to India means good times ahead of us as well.I really thinks it's time to fasten your seat belt.

cse1981 · 9 Re: India election and stock market Fri May 16, 2014 8:42 pm

cse1981

Manager - Equity Analytics

Posts : 237
Equity Stars : 5263
Reputation : 3
Join date : 2011-04-21
Age : 43
Location : COLOMBO 03

We also want change Smile

worthiness · 10 Re: India election and stock market Fri May 16, 2014 9:04 pm

worthiness

Senior Vice President - Equity Analytics

Posts : 2577
Equity Stars : 9126
Reputation : 115
Join date : 2011-04-08

At this juncture, tactical diplomatic approach with new Indian ruling party is must to establish better relationships by revisiting the foreign policies. Few statements made in pre-election campaign by new leader of the regional matters are to be carefully studied before the approach. Direct influence from southern state to central government is minimal now as new ruling party can freely stand on their feet. Any positive outcome from state level will be a plus point to SL ruling party that directly or indirectly affect to our capital market.

cse1981 · 11 Re: India election and stock market Fri May 16, 2014 9:05 pm

cse1981

Manager - Equity Analytics

Posts : 237
Equity Stars : 5263
Reputation : 3
Join date : 2011-04-21
Age : 43
Location : COLOMBO 03

May 16, 2014 (LBO) - Sri Lanka's stocks closed 0.48 percent higher with strong foreign buying amid Indian stock market moved up more than six percent to a record high on Friday, brokers said.

Antonym · 12 Re: India election and stock market Fri May 16, 2014 9:47 pm

Antonym

Vice President - Equity Analytics

Posts : 1090
Equity Stars : 7632
Reputation : 275
Join date : 2011-02-09

India's relationship with Sri Lanka was influenced by Tamil Nadu because the Congress Party was dependent on its coalition partners in TN. With the absolute majority that the BJP has won, Indian foreign policy will henceforth be determined by India's best interests.

Mr Modi has promised to revive growth, which implies that more foreign money will get invested in India. That could have a positive spillover effect on Sri Lanka... Interesting times ahead, for sure.

stevenapple · 13 Re: India election and stock market Sat May 17, 2014 10:40 am

stevenapple

Assistant Vice President - Equity Analytics

Posts : 632
Equity Stars : 5507
Reputation : 15
Join date : 2014-04-10

Very optimistic times are ahead.all depends on foriegn policy f new government.hats off to indians for elect a new party forgetting emotions sake of a countrys future.

gagamini · 14 Re: India election and stock market Sat May 17, 2014 11:05 am

gagamini

Manager - Equity Analytics

Posts : 111
Equity Stars : 5048
Reputation : 2
Join date : 2014-02-26
Location : Kandy

We had a strained relationship with the past government and TN took the political advantage of it. Fishermen's problem and others were as a result of our bad relationship with the center .

With election is over , political play of Jayalalitha may end. On top of that BJP has won an absolute majority and dictation of provincial political leaders will end with that . This may have an advantage for us and Central Government may take decisions considering the national interest .

However , to make this turn to our advantage we will have to see how SL government behaves . If they are trying to play cheap politics as they did with congress government , thinking of better improvement of our foreign relationship with India would be a dream .

schemer · 15 Re: India election and stock market Sat May 17, 2014 12:08 pm

schemer

Senior Manager - Equity Analytics

Posts : 402
Equity Stars : 5353
Reputation : 14
Join date : 2014-05-01

in sri lanka regime change will not give any real change because whole bunch of this aging and corrupt politician will switch to the other side for money. so we will see the same old rotten corrupt faces in the cabinet and parliament. Also we will see their sons ,wives, daughter ,brothers son, illegal wives etc in the parliament .so same saga will continue.

D.G.Dayaratne · 16 Re: India election and stock market Sat May 17, 2014 12:54 pm

D.G.Dayaratne

Senior Vice President - Equity Analytics

Posts : 2036
Equity Stars : 8904
Reputation : 57
Join date : 2011-12-13
Location : Kotte

Schemer you are 100% correct

We have live with these things

No one will Change this in near future

gagamini · 17 Re: India election and stock market Sat May 17, 2014 1:34 pm

gagamini

Manager - Equity Analytics

Posts : 111
Equity Stars : 5048
Reputation : 2
Join date : 2014-02-26
Location : Kandy

schemer wrote:in sri lanka regime change will not give any real change because whole bunch of this aging and corrupt politician will switch to the other side for money. so we will see the same old rotten corrupt faces in the cabinet and parliament. Also we will see their sons ,wives, daughter ,brothers son, illegal wives etc in the parliament .so same saga will continue.

The nature of human being is they need changes . Let the change is going to be good or bad is not important but change is the need . If same thing is going on for years and years people get fed up of it . That is why we hold elections every 5 or 6 years . India and America hold their elections every 5 years and 4 years respectively . Another important point is we can't come to a pre judgement that the people waiting to come to power would be worse than this and as such better that we continue with present regime .

If Indians also thought in the same manner BJP would have never come into power and existing corrupt regime would have continued forever . Do not forget Indian politicians are more corrupt than ours and even past BJP government faced corruption charges . They too have nepotism as we have and still they opted to it .

Another point I would like to state is that in the world nothing is available that cannot be changed . Every thing could be changed and get changed .

Sponsored content

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Latest topics

India election and stock market

1 India election and stock market Fri May 16, 2014 10:34 am

dineshfernando

2 Re: India election and stock market Fri May 16, 2014 11:04 am

SHARK aka TAH

3 Re: India election and stock market Fri May 16, 2014 1:42 pm

D.G.Dayaratne

4 Re: India election and stock market Fri May 16, 2014 2:42 pm

stevenapple

5 Re: India election and stock market Fri May 16, 2014 2:47 pm

dhanurrox

6 Re: India election and stock market Fri May 16, 2014 7:06 pm

Balanced_Views

7 Re: India election and stock market Fri May 16, 2014 7:14 pm

SHARK aka TAH

8 Re: India election and stock market Fri May 16, 2014 7:52 pm

celtic tiger

9 Re: India election and stock market Fri May 16, 2014 8:42 pm

cse1981

10 Re: India election and stock market Fri May 16, 2014 9:04 pm

worthiness

11 Re: India election and stock market Fri May 16, 2014 9:05 pm

cse1981

12 Re: India election and stock market Fri May 16, 2014 9:47 pm

Antonym

13 Re: India election and stock market Sat May 17, 2014 10:40 am

stevenapple

14 Re: India election and stock market Sat May 17, 2014 11:05 am

gagamini

15 Re: India election and stock market Sat May 17, 2014 12:08 pm

schemer

16 Re: India election and stock market Sat May 17, 2014 12:54 pm

D.G.Dayaratne

17 Re: India election and stock market Sat May 17, 2014 1:34 pm

gagamini

18 Re: India election and stock market

Sponsored content

New topics