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Modi wave invigorates stock market in Gujarat

Rajkot, Nov 25 (ANI): Riding on the Modi wave, the share market in Gujarat is on a newfound high as Gujaratis trade in new Initial Public Offering (IPOs) and invest more and more in stock markets. Modi's victory unleashed a rush of money from foreign portfolios betting the reformist prime minister would drive a quick recovery. The retail investors in Gujarat have gained confidence once again and are back in business. CEO of SKSE Securities Limited, Ashok Koyani, said that in the coming years Modi's government will provide the much needed impetus for the stock market. The economy is showing some signs of revival and inflation has plummeted, aided largely by a drop in global oil prices. Nov 25, 2014