The landslide victory of Bjartiya Janata Party-led National Democratic Alliance (NDA) is most

likely to lead to "elevated expectations" on the economic reform front and the Sensex can touch
the 30,000 mark by the end of this fiscal year, according to experts.
Notwithstanding the fact that currently the equity indices are at record high levels, there is still
scope for an upside in equities due to likely improvement in fundamentals, a host of global as
well as domestic brokerage firms say.
Given that the BJP's majority will almost certainly lead to heightened hopes the on economic
reform front, domestic brokerage firm Ambit Capital has raised the FY15 Sensex target to 30,000
from 24,000 earlier.
"We raise our FY15 Sensex target to 30,000 from our previous target of 24,000 which was
published on 6 January 2014," Ambit Capital said.
Experts believe that over the past decade, a fragmented coalition with differing economic
ideologies had been the key reason for the economic malaise and since this verdict has given
the Modi-led BJP a clear majority, it will pave way for a more business-friendly government.
Investors are betting on Modi-led BJP government seeing his track record in Gujarat. His political
campaign was focused more on development, experts say.