It won't be easy for the new Captain to turn the ship around. The global scenario will be important from now on. So, lets not put our cash on assumptions, but continue to focus on the core of value investing: If we want to make wealth as sensible investors we must focus on Buying Good Companies when they are available at a discount. And that is what I am looking for. Currently, I think Castrol India and Infosys are looking agreeable. Any further fall should make them dear enough.
Yes, there is a general belief going around that BJP will support power, Cap Goods and infra. The Dollar will lose sheen, causing IT, Pharma to suffer. Poor rains will cause FMCG to fall. RBI is expected to cut interest rates to reduce inflation, so banks might suffer too. If Banks suffer, Nifty will remain subdued.