Dondoo-dondae (Telugu Boothu Kathalu)

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Nifty may not hit 7,000 level before elections, believes Andrew Holland, Ceo, Equities, Ambit Investments. According to him, though the global markets have been favouarable this week, situations emerging from Ukraine and China could be big global headwinds going ahead. The Indian indices set new records today. The Nifty surged past 6,500 for the first time in history cracking a century and the Sensex rallied 400 points inching closer to the 22,000 level. However, from Monday onwards, Holland expects market to be more normalized. Most market experts see this pre-election market rally extending and the Nifty gaining another 100-150 points from the current level. “The consensus on the Street is that the Nifty will be at 6,700 before polls and after the elections with the Modi victory it will be near to 7,000,“ he added.