Modi government in exit poll, may come in stock market boom||AllBestNews||

Modi government in exit poll, may come in stock market boom

In almost all exit polls, a huge victory of the BJP-NDA has been projected once again. After this poll, there may be a huge surge in the stock market on Monday.

Almost all exit polls have been projected to make a huge victory for BJP-NDA and forming Modi government once again. The market is open on Monday after this poll and there is a complete possibility that there might be a huge surge in the stock market. Experts believe that the stock market will be happy to see the possibility of a stable government at the Center. The prospect of getting the full majority of BJP will increase the market's enthusiasm.

Head of retail research Deepak Jasani said, "Most exit polls have estimated NDA's victory with good margins in the Lok Sabha elections. In the last few days, the market was showing signs of some extent. If the BJP gets a majority on its own, then the market will be excited. '

However, investors of stock market also know that exit polls are often wrong. Jasani says that the market wants to see a strong government, but people want to wait till May 23 for the actual results.

Jasani said, "Given that the results of exit poll for the last two elections have not been in line with the actual results, the market is excited but not very excited."

Jamik Modi, founder and CEO of Samco Securities and Stocknote said, "Even after this alertness there is lot of enthusiasm in the stock market and investors can see tremendous business this week. This will be the most eventful week of the week, in which everybody's eyes will not be on the 'vote quote' on shares.

Apart from this, the fourth quarter results of major companies this week, international market signals and dollar's move against the dollar and crude oil prices will remain intact. Investors will be overseen by foreign portfolio investors-FPI and domestic institutional investors-DII.

In the beginning of the week, Bharat Petroleum Corporation, Hindustan Petroleum Corp and Tata Motors are going to release their results for the fourth quarter of the financial year on Monday. After this, some companies may also get results on Tuesday. Cipla and IndusInd Bank's results for the fourth quarter will be on Wednesday. The results of Grasim Industries will be on Friday.

On the other hand, progress toward the US-China trade tension will also be visible in the market. GDP figures in Japan can be issued on Monday and the minutes of the meeting of the US Central Bank are going to be released on Wednesday.

Let's say that the Sensex of the Bombay Stock Exchange rose 467.78 points or 1.24 percent last week. On Friday, the Sensex gained 537.29 points or 1.44 percent to 37,930 points. The National Stock Exchange's Nifty also closed 150.05 points or 1.33 percent higher at 11,407 points.

(With input PTI)