Over the years, it has been observed that elections equity marks share a very close relation with other. The election numbers also leave a great impact on the sensex. And if the recent reports are to be believed then this time the benchmark Sensex may cross the psychological mark of 40,000 if Narendra Modi-led Bharatiya Janata Party (BJP) government manages to clinch 300 seats out of the total count of 543 in the 2019 Lok Sabha elections.
All the market participants, policymakers, investment bankers and research houses have are waiting with the bated breath for the Lok Sabha election results scheduled to be announced on Thursday, May 23, 2019.
“There seems to be a consensus among traders that NDA will eventually win the general elections and market has already discounted this expectation,” Romesh Tiwari said. “Sensex hitting 40,000 would be a conservative figure as the index could touch even higher level if BJP wins over 300 seats. We saw that people are ready to elect strong leaders, said Amit Gupta, CO-Founder and CEO, Trading Bells told ETNowNews.com.
“Amid global uncertainty, the Indian equity market will provide some safety if BJP government comes into power with a clear mandate. The market is heading with lots of uncertainty where even a majority of the NDA government is not fully priced in,” Amit Gupta told ETNowNews.com.