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Impact of election outcome on markets will be transient: Sampath Reddy

Markets witnessed their best single-day gain in 10 years on Monday, as exit polls predicted the return of Narendra Modi-led National Democratic Alliance (NDA). This was also the best single-day rally post exit poll outcome since 1999. SAMPATH REDDY, chief investment officer, Bajaj Allianz Life Insurance Company, tells Puneet Wadhwa that an acceleration in corporate earnings growth in FY20 is expected to drive the markets from here on. Edited excerpts: Has the market's reaction to the exit polls been overdone? The impact of the election is more transient and the markets will soo.....
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