Markets could see short rally with BJP's Maha win: Motilal Oswal

Motilal Oswal said Indian stock markets could see a short rally driven by BJP-led NDA's win in the Maharashtra Assembly elections. The brokerage stated that the win could start a mini-risk-on rally where investors have a high-risk appetite and commonly drive up some asset prices. Given the recent correction, Motilal added that the large-cap valuations are quite reasonable now.