Reported 4 months ago
Exit polls in India indicate a significant win for Prime Minister Narendra Modi's party in the general elections, with forecasts suggesting a majority of between 350 and 400 seats. This landslide victory is expected to boost Indian stocks, bonds, and the rupee, calming investors and potentially resulting in a positive market reaction. Foreign investors are anticipated to cover short positions quickly, leading to potential record highs in the NSE Nifty 50 Index. State-owned companies and firms aligned with pro-growth policies may experience an uplift, with analysts projecting a 3-5% market return on Monday. The election outcome, combined with strong economic growth data, could further support the bond market and lead to fiscal discipline and stability. Various financial experts and fund managers provide insights on the market outlook following the predicted election results.
Source: YAHOO