Elections '09: Rakesh Jhunjhunwala, Bhanshali debate

All market experts have got a good sense of what will happen to this economy and to the stock market if the United Progressive Alliance (UPA) or the Third Front or the National Democratic Alliance (NDA) comes to power after May 16.

Rakesh Jhunjhunwala, Trader and Investor, sees the results of general elections 2009 coming in as a big surprise. According to Vallabh Bhansali, Chairman, Enam Securities, the Third Front will come third.

Jhunjhunwala said elections are important for markets, but at present global cues are of a greater importance. Bhansali also agrees that General Elections 2009 will not be a turning point for stock markets.

Ridham Desai, Managing Director, Morgan Stanley, said elections 2009 are very important. According to him, India’s relative performance compared to other world markets hinges around these election results because it comes at a point which is quite critical to our economic cycle.

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Direct link to video is here. (15mb .flv file)

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