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.