The immediate share market reaction to the exit poll is expected to be positive, but the optimistic valuations hinge on significant reforms being announced post-election, says Nilesh Shah, MD of Kotak AMC.
In terms of impact on the market, Raamdeo Agrawal believes that a strong mandate for the ruling BJP party will ensure that the valuation of the Indian stock market will double from the current $5 trillion
A sustained market growth depends on the new government s implementation of significant reforms within the first 100 days, even as the exit poll and election results may fuel a short term market rally.