India Inc is expecting that the formation of a stable government at the centre will pave way for accelerating the economic reform process and initiation of policies to stimulate the economic. At this juncture it will be desirable to not only rev up the economy and but also aim at propelling it towards 8% GDP growth.
According to Mr. Satish Bagrodia, President PHD Chamber, “this bull run is an initial reaction of the market. Gradually markets will stabilise and start functioning based on the ground realities. This kind of swing in the sensex is unlikely to adversely affect the common man”. Mr. Bagrodia feels that with the bulls taking over on early trade and the automatic circuit breaker coming in force is the safety mechanism that has been designed to build confidence of investors in the operations of bourses.