Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
Powered by cricketnext logo
»
2-min read

Exit Polls, Election Outcome to Set Tone for Equity Markets

Investors have said that there can be sharp movement in the markets but the exit polls may bring some decisiveness on the table.

PTI

Updated:May 20, 2019, 10:42 PM IST
facebookTwitterskypewhatsapp
Loading...

New Delhi: Equity markets will track election trends this week as the exit polls showed that the ruling NDA is likely to come back to power.

The results of the seven-phase polls will come out Thursday and experts opined that markets have partly discounted exit poll outcome in the last few days.

Most exit polls Sunday forecast another term for Prime Minister Narendra Modi, with some of them projecting that BJP-led NDA will get more than 300 seats to comfortably cross the majority mark of 272 in the Lok Sabha.

Regulator Sebi and stock exchanges have beefed up their surveillance mechanism to check any manipulative activities in the market this week in view of the high-octane election related events lined up.

"Most exit polls have predicted NDA to win the Lok Sabha elections with a good margin. This was partly discounted in the markets over the last few days. The street would like it even more if the BJP on its own gets a majority in the Lok Sabha.

"However, going by the way the exit polls in the last two elections were off the mark from the actual numbers, the markets would get excited but not super excited," said Deepak Jasani, Head, Retail Research.

Investors should also brace for bouts of volatility in view of the high-octane election related events, the analysts said.

Experts are of the opinion that bourses may be indecisive till the final election outcome is known.

"This week there is an event that is able to produce long-term trends in the market and is the factor that sets the tone for wealth creation. The political events like election results usually produce trends that last for years. Hence, it becomes very important for the economy and investors," said Mustafa Nadeem, CEO, Epic Research.

There can be sharp movement in the markets but the exit polls bring some decisiveness on the table as well, he added.

"This week is going to be the most happening of the year wherein all eyes would be glued to not 'stock quotes' but 'vote quotes'," said Jimeet Modi, Founder and CEO, SAMCO Securities & StockNote.

Quarterly earnings would also impact trading as some major companies are scheduled to announce their financial report card this week, including Tata Motors, Canara Bank and Cipla.

Besides, the US-China trade-related issues, crude oil prices, rupee movement and foreign funds trend would influence trading sentiment, they added.

During the last week, the BSE Sensex gained 467.78 points or 1.24 per cent.

On Friday, the 30-share benchmark closed 537.29 points, or 1.44 per cent, higher at 37,930.77. Similarly, the broader Nifty rose 150.05 points, or 1.33 per cent, to settle at 11,407.15.

"Indian markets have shown tremendous strength before the long-awaited exit polls, despite the ongoing ambiguity in US-China trade talks," said Jagannadham Thunuguntla, Senior VP and Head of Research (Wealth), Centrum Broking Limited.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Indiabulls Hsg 555.50 -8.90
Yes Bank 103.20 -5.58
Tata Steel 494.10 4.62
Reliance 1,277.35 -0.28
IndusInd Bank 1,381.35 -1.96
Company Price Change %Gain
Indiabulls Hsg 555.40 -8.91
Yes Bank 103.25 -5.54
Reliance 1,277.50 -0.39
Atul 3,965.00 -0.31
Indiabulls Real 109.45 -2.49
Top Gainers
Company Price Change %Gain
Tata Steel 494.10 4.62
Zee Entertain 353.00 4.02
Kotak Mahindra 1,497.80 2.46
NTPC 134.65 1.70
Titan Company 1,275.10 1.40
Company Price Change %Gain
Tata Steel 494.50 4.60
Kotak Mahindra 1,498.40 2.44
NTPC 134.60 1.58
Power Grid Corp 199.80 1.06
HDFC 2,178.30 1.11
Top Losers
Company Price Change %Gain
Indiabulls Hsg 555.50 -8.90
Yes Bank 103.20 -5.58
UPL 950.30 -4.94
Adani Ports 407.70 -3.25
Cipla 533.70 -2.54
Company Price Change %Gain
Yes Bank 103.25 -5.54
Tata Motors 154.65 -2.31
Hero Motocorp 2,614.55 -1.99
IndusInd Bank 1,382.90 -1.82
M&M 615.25 -1.71

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results