Is Narendra Modi wave losing steam with investors?

Most investors HT spoke to declined to come on record because of the sensitivity of the issue but pointed to data on Sensex movement and FII inflows to say that investors now seem less certain of the eventual outcome than they were two months ago. This is in sharp contrast to the last quarter of 2013 when the markets rose sharply in anticipation of a victory for a Narendra Modi-led NDA following such projections by Goldman Sachs, Nomura and CLSA – Read here

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