Politics to set Street’s course, say brokerages

INSUBCONTINENT EXCLUSIVE:
to leading brokerages. Opposition parties emerged victorious in 11 out of the 14 Lok Sabha and Assembly by-polls
The Bharatiya Janata Party lost the important Kairana parliamentary seat in Uttar Pradesh. CLSA said a united Opposition continues to
increase political uncertainty in India
majority of 282 in Parliament
Karnataka, the Congress and the Janata Dal (Secular) came together after the polls to form the government even as the BJP emerged the single
largest party. Nomura said that the by-poll results will not affect the existing power structure at the Centre or in the states, but they do
underline the effective tactic being increasingly adopted to consolidate into successful non-BJP fronts for electoral gains
to remain elevated in the runup to the election
believes that the focus of the government will be on pro-poor policies going ahead, said rural and consumptionrelated stocks should do
Entertainment, Housing Development Finance Corp and ICICI Prudential Life Insurance Company. Elections in states like Rajasthan, Madhya
Pradesh, Chhattisgarh and Mizoram later this year will be the next important political events, said analysts.