The exit polls results, which have indicated a victory for the BJP-led National Democratic Alliance (NDA) in the Lok Sabha elections 2019, are likely to have a positive impact on stock markets when the Sensex and the Nifty open on Monday morning.
According to exit polls results, the Narendra Modi government is all set to come to power in the country with an even bigger margin than the 2014 elections. As per India Today-Axis My India Exit Poll, the Bharatiya Janata Party (BJP)-led NDA will win around 339-365 seats, while the Congress party will be reduced to 77-108 seats.
The equity benchmark Sensex may cross the psychological level of 40,000 if Modi-led BJP government manages to win 300 seats out of the total 543 seats in the 2019 Lok Sabha elections, according to market experts.
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"If BJP clinches 300 seats or more then the current regimen will continue and that will provide certainty for business community about the policies to continue. Impact on Sensex from this result will be positive and it may hit 40,000 due to euphoria, on the declaration of result or even on exit poll results.
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