Buoyancy in stock market |
Sensex showing signs of breaking the 40,000 mark as early trends in counting shows NDA win in the 17th Lok Sabha elections. As early trends of counting of votes came in on Thursday, Indian investors have pinned their hopes on an NDA return, as witnessed during the massive surge post exit poll predictions. Morning saw both benchmark indices BSE Sensex and NSE Nifty, rally sharply expecting NDA to win the polls. Sensex could even breach the 40,000-mark in a scenario where BJP emerges as the single largest party. Nifty, too, is expected to hit record highs and cross the 12,000-mark. However, markets could face a knee-jerk reaction if the exit poll predictions, which gave BJP and its allies an absolute majority, don`t stand out. Market participants are keenly awaiting the results which may be delayed due to random counting of VVPAT after the counting process ends.
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