The FIIs' long-short ratio in index futures at oversold levels may also be indicating a rebound.
The News18 mega exit poll has predicted 355-370 seats for NDA and 125-140 seats for INDIA bloc.
Euphoric markets will take all stocks up, but a week later, market will become more discerning, according to Kedia
The former IPS officer who is fighting the general elections on a BJP ticket from the Coimbatore seat, said, the party is confident of having achieved the internal target of 25 percent votes (or to cross 20 percent).
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.
Tamil Nadu Lok Sabha elections have always been a battle between the DMK and AIADMK. However, for the first time since 1967, Tamil Nadu is now expected to see the emergence of a third force — BJP.
According to the News 18 Mega Exit Poll for Punjab's 13 Lok Sabha seats, Congress is likely to win 8-10 seats and BJP, which is going solo in these polls, may get 2-4 seats
The Trinamool Congress, led by chief minister Mamata Banerjee, is likely to win 18-21 seats. BJP's performance in the state will play a decisive role for the party overall.
Prior to 2013, when the AAP entered its first assembly elections, the electoral competition in Delhi had been a straightforward battle between Congress and BJP.
BJP had won 39 out of 40 seats in 2019, with a vote share of 54%. The bar seems too high for it given the political turbulence in the state in months before the polls. While the BJP won 22 of 40 seats in the 2014 Lok Sabha elections, the National Democratic Alliance (NDA), led by the BJP, won 31 seats.
According to the News18 mega exit poll, the NDA is set to open its account in Kerala by bagging one to three seats, while the INDIA Bloc is likely to win 15 to 18 seats in Kerala.
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.
'The conviction around India's growth story is very, very high. With this event(NDA returning to power for third straight time), it only gets strengthened,' says Vikas Khemani of Carnelian Capital
Most brokerages over the last one month have been estimating a continuity of government with a 300 plus estimate for the ruling BJP.
The simple majority mark in Lok Sabha is 272. The Congress-led INDIA alliance is expected to win 143 seats.
Biden's support among voters without a four-year degree is down 10 percentage points, compared to this point in the 2020 campaign, the analysis of around 24,000 registered voter responses to Reuters/Ipsos polls in 2020 and 2024 shows.
The News18 exit poll has predicted 355-370 seats for NDA, higher than its 2019 tally of 353. For BJP alone, it has predicted 303-315 seats.
The BJP is poised to win 20-23 seats, contributing significantly to the NDA's projected success. Meanwhile, the Congress is forecasted to clinch 6-9 seats, while the INDI Alliance is expected to secure 15-18 seats.
Lok Sabha polls witnessed a tight contest between the INDIA bloc, comprising the Jammu & Kashmir National Conference (JKNC) and the Congress, and the NDA alliance led by the Bharatiya Janata Party (BJP).
The Congress in Telangana, led by Chief Minister Revanth Reddy, remains a dominant political force in the state, facing rivals TRS and BJP. This time, the BJP has allied with Chandrababu Naidu’s TDP and the Pawan Kalyan-led Jana Sena Party (JSP).
The Biju Janata Dal (BJD) will win in significantly lesser number of seats at 6 to 8, the News18 Mega Exit Poll predicted.
According to an Exit Poll survey by S-GED, the TDP-JSP-BJP alliance is likely to win 139 of 175 Assembly seats in Andhra Pradesh. YSCRCP, on the other hand, could win 36
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
The BJP-led alliance which includes the Rashtriya Lok Dal, the Suheldev Bharatiya Samaj Party, and the NISHAD Party, is striving to improve its tally, riding on the positive sentiment generated after the inauguration of the Ram Mandir and a divided Opposition with the Bahujan Samaj Party not part of the INDIA bloc.