Depending on whether the Prime Minister Narendra Modi-led NDA surpasses or falls short of the expectations outlined by exit polls, the Nifty could experience significant swings in either direction once the trends of the Lok Sabha election results become apparent on Tuesday. The substantial rally of over 3% on Monday, coupled with a 15% decline in the India VIX fear gauge, indicates that market anticipation for a negative surprise has diminished.
Indian shares are likely
to open higher on Tuesday as counting of votes in the recently
concluded elections were set to begin, led by banks and
infrastructure stocks, which analysts said would benefit.
Lok Sabha Election Results 2024: Experts anticipate high volatility on election result day. Nifty could see further gains if results match exit polls, but selling pressure if below expectations.
Foreign portfolio investors sold over Rs 12,000 crore India stocks on poll results day torontotelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from torontotelegraph.com Daily Mail and Mail on Sunday newspapers.
Foreign portfolio investors sold over Rs 12,000 crore India stocks on poll results day newzealandstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newzealandstar.com Daily Mail and Mail on Sunday newspapers.