The state of Karnataka (currently ruled by the Congress) is scheduled to go to polls in the month. News flow around this important political development could induce some volatility in the market. Q4FY18 earnings season and the management outlook for FY19 will also be on investors radar. On the global front, further developments on trade war are expected to keep global investors nimble footed. Nonetheless, despite the short-term volatility, we believe India would remain a preferred investment destination for investors on the back of implementation of government reforms, cleanup of banking system and the expected revival in corporate earnings.