Scan to Download
Ajay Bagga, Executive Chairman, OPC Asset Solution
“Exit polls are an indicator but not an Exact Reality . Given the range of exit Poll estimates point to a NDA government , markets will welcome this political continuity . We expect a gap up on Monday with Nifty rising around 200 points . Thereafter the markets will be sideways going into the May 23.”
Motilal Oswal, Chairman and Managing Director, Motilal Oswal Financial Services
“The exit results are better than the expectations. Markets will move up by 2-3 percent in next few days. I am quite optimistic at these levels. Investors should increase equity allocations.”
Andrew Holland, CEO, Avendus Capital
“Market will react positively with a 3-5 percent rise and the rupee to move towards 69-70. Reason being continuity if that is the case.”
Saurabh Mukherjea, Founder, Marcellus Investment Managers
“The market was working with the assumption that the NDA would need to ally with other parties to form the government. To the extent the exit polls are predicting an outright victory for the NDA, we could see a 5-10 percent rally in the coming weeks.”
Nilesh, MD, CEO, Envision Capital
“Exit polls are a huge boost for market sentiment. Till the result day, apprehension would be put to rest.”
Chakri Lokpriya, MD, CIO, TCG Advisory Services
“The Modi win means GST, IBC, NPA policy continuity vital for ensuing India economic recovery. Jump in! It’s uptick time. It’s Modi again!”
Vikas Khemani, Founder, Carnelian Capital Advisors
“This will comfort market as this assures continuity of policy and strength & stability of government. Markets were worried of implication of a weak coalition.”
Deepak Jasani, Head-Retail Research, HDFC Securities
“Most exit polls have predicted NDA to win the Loksabha 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. The Nifty could open on Monday with an up-gap of 90-150 points and later consolidate. Over the next three days it could then look up to corporate results and, or global developments.”
In roughly an hour exit poll numbers will crowd TV screens and social media feeds. But are they reliable enough to predict a winner? The track record for the last few Lok Sabha elections seems patchy.
Follow live updates on the seventh phase of polling here.
A day before the last phase of polling, leaders of opposition parties stepped up efforts to cobble together a coalition, with Telugu Desam Party chief Chandrababu Naidu meeting Congress and Communist Party of India leaders.
Naidu met Congress President Rahul Gandhi and discussed with him the possibility of all opposition parties uniting and forging a joint opposition alliance. The Andhra Pradesh chief minister also met CPI leader G Sudhakar Reddy and D Raja over breakfast, asking them to "come together". Naidu also met Nationalist Congress Party chief Sharad Pawar and Loktantrik Janata Dal leader Sharad Yadav.
The TDP chief has already held several rounds of discussions with various opposition leaders, including Trinamool Congress supremo Mamata Banerjee, Aam Aadmi Party National Convener Arvind Kejriwal and Communist Party of India (Marxist) General Secretary Sitaram Yechury.
Reports Of Lavasa Opting Out Of Meetings ‘Unsavoury, Avoidable Controversy’, Chief Election Commissioner Says
The Press Conference That Wasn't: Modi Stays Mum in Rare Event
Rahul Gandhi Interview: India Needs A New Economic Model, There’s No Other Way
On the prospects of the BJP in the upcoming Lok Sabha elections, Gadkari asserted that Narendra Modi will be prime minister again, and that the BJP will exceed its 2014 tally of 282 seats.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
