Insta
Sensex Zooms 900 Points, Nifty Up By 250 After Exit Polls Indicate Modi Government’s Return With Thumping Majority
Prime Minister Narendra Modi at an election rally in New Delhi. (Vipin Kumar/Hindustan Times via GettyImages)
The stock market reacted in a positive manner to Sunday evening’s (19 May) exit polls which indicated a simple majority for the NDA government.
On Monday (20 May) soon after the markets opened, Sensex gained as much as 900 points to near the 39,000 mark and Nifty gained over 250 points.
All the Frontline indices opened with a gain of over 2 per cent with Nifty stocks performing especially well. At the time of the publication of the report, the Sensex was up by over 700 points.
The exit polls have predicted a return to power for the BJP with as many as 368 seats as per India Today - Axis exit poll. Chanakya News 24 exit poll has predicted 340 seats for the NDA.
To achieve these numbers the NDA is expected to sweep virtually the whole of North India and Karnataka. The showstopper moment for the NDA might be West Bengal where it is projected to win as many as 26 seats.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.
Latest
