Kejriwal first attacked the established business houses, then media and if that was not enough, stated in a TV interview that he is expecting a hung parliament post 2014 elections and there could be mid-term polls after about 2 years. He did not stop here and further stated that neither Modi nor Rahul could become the Prime Minister.
It is also true that Kejriwal neither could become the Prime Minister nor he can decide who should be the Prime Minister, but he has the ability to provide an unstable Government at the Centre-whether this will actually happen or not, only time will tell. But this has already dented the prospects of a booming economy and if the Sensex is becoming stagnant after reaching to the level of 22000, is due to only this reason.
Market always welcome stability and hates instability. Kejriwal is trying to create the fear on political instability which is badly damaging the prospects of growing Sensex on the expectation of a good stable Government.
It is not for the first time that the Sensex is moving into a positive direction in expectation of a stable and good Government. Fuelled by the Media speculation, opinion polls and surveys Market is not only hoping that there will be a stable Government at the Centre, but also that the face of the stable Government will be Narendra Modi.
BJP is trying to project Narendra Modi as a "Vikas Purush" in all its official statements and announcements. He has already attained the status of a "Vikas Purush", before BJP could take it forward officially is another matter. Recently on 21st March 2014, there was a meeting organized by BJP Chartered Accountants Cell in BJP Central Office, New Delhi. The topic of the meeting was - "Role of Professionals in Development of Nation".
The meeting was attended by Chartered Accountants invitees across the country and was addressed by the BJP National Treasurer CA Piyush Goel, Delhi BJP President Dr. Harshvardhan and BJP CA Cell National Convener Shyam Jaju. BJP CA Cell expanded the word- "MODI" for the audience saying that MODI stands for Mood of Developing India.
Industry has already factored the Modi factored this development factor from Modi led BJP Government as there are huge expectations that there will be Gujarat like development across the Country and there will be huge demand for infrastructure and capital investment and not only there will be a boom in the industry, there will be added employment opportunities across the country.
If the Sensex has become stagnant after reaching to a particular level, it is only due to uncertainty created by Kejriwal and the company. After the results of the elections started pouring in and the uncertainty is removed, there will be no stopping for the Sensex and in all probability, Sensex will attain the 25000 in the month of May 2014 itself.