UP BJP win was already factored in by the markets. May be only thing left out could be the land side victory, that means a short term rally could be definetly seen.
Global/domestic cues and domestic reforms would play a key role for the markets ahead.
US fed rate hike is also factored in, hence would not have much negative influence on to our markets.
China policies/yuan altercation, India gst and monsoon could be key key triggers for our markets. Any change in China policies/yuan devaluation could have larger influence.
Parliament nod in the coming days and key meeting on sgst and ut gst on 16th march would give a definite roadmap on gst, and skmet observation/prediction on monsoon would have large influence of inflation prediction.
Having said all this, Immediate beneficiary of BJP win in UP would be agriculture and road/infra sectors. If we further segregate sub-sector it would be irrigation systems/tractors: pumps/organic chemicals/fertiliser, and cement/building materials/road developers could rally on positive side..
However, agriculture/irrigation related sectors could have just short term rally, where as road developers/cement related could see break out for medium term rally
Stocks to watch out for today:
Cement: JK Lakshmi and Birla corp
Agriculture: KSB pump, Dhanuka Agritrch, PI Industries
Road infra: PNC infra and Gayatri projects
Moving away from UP elections story, there is an interesting story unveiled on defence sector.
A lock-in period of 3 years on equity transfer done-away with in FDI for defence, and Requirement of single largest Indian ownership of 51% equity removed.
Stocks to watch out in this space:
BEL and RDEL
