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RUPEE AT CLOSE - Rupee Ends At 66.92/$ Vs 67.01/$ On Friday SIEMENS - Bags Order Worth Rs 287 Cr Form Nagpur Metro Rail Corporation

“Need A Strong Govt To Boost Capital Productivity, Public Savings”

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September 26: See 8% downside in markets over 12 months, says Ridham Desai of Morgan Stanley. We have Nifty at 4800 in a bear case, which has a much higher probability of happening versus a bull case, he says. The elections will be a crucial event as it can lift public savings and boost capital productivity, he says, but warns that capex is unlikely to pick up before elections. We expect real bang for the buck only after the elections, he adds.