Why the stock market is not happy with the exit poll of Maharashtra, Haryana elections?

Trade Nivesh  After the assembly elections in Maharashtra and Haryana, exit poll results have been presented. In all exit polls, NDA led by Bharatiya Janata Party (BJP) is getting clear majority. However, there is no significant enthusiasm in the stock market with this victory. Market veterans believe that the market has already included BJP's victory in both the states. The market had already predicted that only the NDA alliance would win in these states. The question was only on the margin of victory, how big would it be. According to an exit poll by Times Now, the alliance between BJP and Shiv Sena in Maharashtra is expected to get 230 seats, while Congress-NCP alliance can be limited to 48 and other 10 seats. Other surveys are also giving more than two-thirds seats to BJP-Shiv Sena.


Talking about Haryana, according to a Times Now survey, the Bharatiya Janata Party can get 71 seats, while the Congress can only get up to 11 seats. The names of regional parties can come from two to 20 seats. Trade Nivesh 

Prabhudas Lilladhar CEO PMS Ajay Bodke believes that exit poll results are doing well with market expectations. The market has already included the victory of the Bharatiya Janata Party and both states are looking set to form the NDA government.

Bodke said, "If the exit polls are proved right, which is clear that the opposition is not able to convey its message to the public. Both the states are ahead in the matter of industry and have been openly in favor of the government. Both are in the states Political stability and industrial strength of the country. "

Deven Choksey, Group MD of KR Choksi, said that the market had a fear from the beginning that the Bharatiya Janata Party was going to return to power. He said, "The market is not going to make much difference, there are many other challenges in the market.

Comments