Bulls are likely to tighten their grip on D-Street in the next market session on Monday, June 3, after most of the exit polls predicted on Saturday that the Bharatiya Janata Party (BJP)-led NDA may win over 350 of the 543 seats in the Lok Sabha polls. Market analysts are bullish on Nifty 50’s upcoming rally and said BJP’s clear victory as predicted by exit polls is likely to remove election-related jitters among investors.
“Exit polls results which indicate clear victory for the NDA with around 360 seats completely removes the so called election jitters which have been weighing on markets in May. This comes as a shot in the arm for the bulls who will trigger a big rally in the market on Monday,” said Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
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Published: 01 Jun 2024, 09:07 PM IST
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