'Market rally post BJP win offers a good opportunity to rejig portfolio'

Valuation is stretched for Indian equities but if you look at the global markets, the valuations have gone up YTD for almost all markets, says Jitendra Gohil of Credit Suisse Wealth Management.

A clear mandate to Narendra Modi–led National Democratic Alliance (NDA) for the second time in a row lifted the S&P BSE Sensex and the Nifty50 to 40,000 and 12,000 levels, respectively for the first time ever. JITENDRA GOHIL, head of India equity research, Credit Suisse Wealth Management tells Puneet Wadhwa that before the new government takes up any major reforms such as in land and labour, we expect that the regulators and the government to address the liquidity issues with respect to NBFCs. Edited excerpts:

What is your reaction to the poll outcome and how the markets have played out