Current govt retaining power would fuel rally in Indian market, says Nepean Capital

Gautam Trivedi, co-founder & managing partner of Nepean Capital, is of the view that the Indian market is participating in an emerging market rally, which seems to have coincided with the border issues and resurgence in the approval ratings of the current government.

“The 5 billion dollars that have come into India from foreign institutional investors (FIIs) can sustain for some more time,” Trivedi told CNBC-TV18 on Tuesday.

According to him, "The market moves would depend a lot on the outcome of general elections. If BJP were to retain power then we would see a further strong move in the market and could reignite domestic flows to come back into the market. However, if BJP were not to come into power then that would have to be weighed depending on what the composition is, how fragile the correlation is if it is one etc".