Pranab's resignation won't affect markets, say experts

Finance Minister Pranab Mukherjee submitted his resignation today, Manmohan Singh will take up is portfolio. Gaurang Shah, Assistant Vice President, Geojit BNP Paribas Financial Services told NDTV Profit that it is only a portfolio shift and the market may not read much into it. "Don't expect a major positive reaction by markets as problems in the economy will still remain despite the change," he added. Echoing Shah's view, Lancelot D'Cunha, CEO, Sharyans Wealth Management, said that unless there is change in the policy, there will be no impact on the market. "Hence, the market will be driven by external factors more than the internal situation," he said.