According to Rakesh Jhunjhunwala, there is no credible leader in the opposition party to take on PM Modi. I am sure that the next government will be a BJP government despite what people feel, he said.
Indian equity market, which bottomed out in August 2013, saw a stellar run in 2017 and in 2018 initially, boosting Nifty50 higher to touch 11,000-mark in 2018, but now it maybe be in for some consolidation, Rakesh Jhunjhunwala, Partner, Rare Enterprises said in an exclusive interview with CNBC-TV18.
We witnessed a massive up move in markets and if the market remains in the range of 10,000-11,000 for the next 1 year, I would be very happy, he added.
In his conversation with CNBC-TV18, he said that investors should not get disheartened with the recent correction. Because, the bull market cannot end at the current level of profits-to-GDP. The flow of local money into equity markets has just started and the flow is unlikely to stop anytime soon.
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