Pharma stocks have performed well after Budget

AAP has promised lower electricity bills, free basic water supply.

Can the poll outcome be a trigger for a meaningful correction?

With a rise of around 30 per cent in the benchmark index S&P BSE Sensex, 2014 has been the best year for Indian equity markets since 2009, when the benchmark index surged 81 per cent.

Global brokerage firm CLSA is positive on India's growth stroy.

Sensex, Nifty have lost about 6%, against 0.5-5% decline in other key Asian indices.

Growth in India will pick up from current levels, says LEO Puri, managing mirector, UTI Asset Management Company.

Analysts say the company remains on a firm footing, stake sale by the founders will not impact fundamentals.

Going by the experience of the previous years -- when the actual proceeds from stake sale were much lower than the targets -- the government's disinvestment target for 2014-15 appears too ambitious.

The year 2014 has been one of the best for investors in the equity markets.

Despite the rally, on the basis of valuations, Indian markets aren't too expensive, says Christopher Wood, managing director and equity strategist at CLSA.

The BSE Mid-and Small-cap indices outperformed their larger peers rising 72 per cent and 52 per cent, respectively, during Samvat 2070.

The fuel reforms are a very important signal of the government's commitment to tough economic reforms.

Analysts expect global markets to remain in consolidation mode with a negative bias over the next six months.

Indian markets rose 19 per cent in the first half of this financial year, the best performance by any market during this period, globally.

A day after the Union Cabinet paved the way for the government reducing its stakes in Oil and Natural Gas Corporation (ONGC), Coal India Ltd (CIL) and NHPC, the shares of these companies fell 3.4-5.2 per cent on bourses.

The automobile segment is our preferred area, and old favourites such as Tata Motors, Bajaj and Maruti Suzuki continue to entice us.

However, it still lags far behind the US, which leads with a market-capitalisation of $23.9 trillion through August 2014.

Despite high exposure of public sector banks to power, iron and steel sectors, analysts remain in a wait-and-watch mode.

In the near term, two key factors are the outcome of the monsoon season in respect to cropping yields; and the correction in the crude oil price.