Given that Modi has won a strong mandate on a campaign focused around driving higher growth,

markets will likely continue to believe that the policy outline will be positive. Our view is that it will
be," UBS said in a research note.
"We remain bullish on Indian equities. It may be early to book profits," UBS said in a report.
In the recently concluded elections, the BJP-led NDA scored an overwhelming majority of 334
seats, in the 543-member Lok Sabha.