LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Exit polls, election verdict to set market trend: Analysts

Exit poll trends will set the tone for the equity markets in the initial part of the week, while the final outcome of the general elections on May 23 would build the road ahead for stocks, analysts said.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Exit polls, election verdict to set market trend: Analysts
Experts are of the opinion that bourses may be indecisive till the final election outcome is known. Image source: Reuters
Written By: PTI
Updated: Sun, May 19, 2019
10:37 am
PTI
RELATED NEWS
In chat with Anil Singhvi, analyst Vikas Sethi picks Nalco, L and T Finance as top buys for big gains In chat with Anil Singhvi, analyst Vikas Sethi picks Nalco, L and T Finance as top buys for big gains
Mid-Cap Picks with Anil Singhvi: JB Chemicals, Jindal Saw and KEC International are stocks to buy Mid-Cap Picks with Anil Singhvi: JB Chemicals, Jindal Saw and KEC International are stocks to buy
On Women's day, top stocks to buy for bumper returns are Titan, Avenue Supermarts, Bata India On Women's day, top stocks to buy for bumper returns are Titan, Avenue Supermarts, Bata India
MTAR IPO: Know allotment finalisation status, listing date and how to check subscription of shares MTAR IPO: Know allotment finalisation status, listing date and how to check subscription of shares
Anil Singhvi’s Strategy March 8: Strong Profit Booking Zone on Nifty is 15,200-15,245 & Bank Nifty is 36,400-36,600 Anil Singhvi’s Strategy March 8: Strong Profit Booking Zone on Nifty is 15,200-15,245 & Bank Nifty is 36,400-36,600

Exit poll trends will set the tone for the equity markets in the initial part of the week, while the final outcome of the general elections on May 23 would build the road ahead for stocks, analysts said. Investors should also brace for bouts of volatility in view of the high-octane election related events, they added.
Exit poll trends would start coming in on May 19 after the close of voting.

Experts are of the opinion that bourses may be indecisive till the final election outcome is known. "This week there is an event that is able to produce long-term trends in the market and is the factor that sets the tone for wealth creation. The political events like election results usually produce trends that last for years. Hence, it becomes very important for the economy and investors," said Mustafa Nadeem, CEO, Epic Research.

There can be sharp movement in the markets but the exit polls bring some decisiveness on the table as well, he added. "This week is going to be the most happening of the year wherein all eyes would be glued to not 'stock quotes' but 'vote quotes'," said Jimeet Modi, Founder and CEO, SAMCO Securities & StockNote.

Quarterly earnings would also impact trading as some major companies are scheduled to announce their financial report card this week, including Tata Motors, Canara Bank and Cipla. Besides, the US-China trade related issues, crude oil prices, rupee movement and foreign funds trend would influence trading sentiment, they added.

During the last week, the BSE Sensex gained 467.78 points or 1.24 per cent. On Friday, the 30-share benchmark closed 537.29 points, or 1.44 per cent, higher at 37,930.77. Similarly, the broader Nifty rose 150.05 points, or 1.33 per cent, to settle at 11,407.15.

"Indian markets have shown tremendous strength before the long-awaited exit polls, despite the ongoing ambiguity in US-China trade talks," said Jagannadham Thunuguntla, Senior VP and Head of Research (Wealth), Centrum Broking Limited.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
MarketsBSENSE
RELATED NEWS
In chat with Anil Singhvi, analyst Vikas Sethi picks Nalco, L and T Finance as top buys for big gains In chat with Anil Singhvi, analyst Vikas Sethi picks Nalco, L and T Finance as top buys for big gains
Mid-Cap Picks with Anil Singhvi: JB Chemicals, Jindal Saw and KEC International are stocks to buy Mid-Cap Picks with Anil Singhvi: JB Chemicals, Jindal Saw and KEC International are stocks to buy
On Women's day, top stocks to buy for bumper returns are Titan, Avenue Supermarts, Bata India On Women's day, top stocks to buy for bumper returns are Titan, Avenue Supermarts, Bata India
MTAR IPO: Know allotment finalisation status, listing date and how to check subscription of shares MTAR IPO: Know allotment finalisation status, listing date and how to check subscription of shares
Anil Singhvi’s Strategy March 8: Strong Profit Booking Zone on Nifty is 15,200-15,245 & Bank Nifty is 36,400-36,600 Anil Singhvi’s Strategy March 8: Strong Profit Booking Zone on Nifty is 15,200-15,245 & Bank Nifty is 36,400-36,600

LATEST NEWS

Just Dial shares zoom 10 pc after IPL pact

Nawazuddin Siddiqui to star in B. Praak's new music video

CPC News: Confirmed! Big pay commission salary hike from July 1 for these government employees

25 per cent DA for central government employs from April? What does this 7th Pay Commission benefit mean, how it helps pensioners? EXPLAINED

Hyper localisation, high personalisation to drive customer engagement in digital era: Airtel Report

Indian Railways integrates Rail Madad Helpline number 139 for all type of queries, complaints /assistance during travel

Gold Price Outlook – Gold falls by Rs 280 on Monday, Silver falls by Rs 128; expert see bounce back, recommends buy on dips

Meghan on racism in UK royal family, considering suicide and crying due to Kate

Announced LIVE: JEE Main Result DECLARED - Here is how to check

JEE Main Result 2021 toppers list: 100 Percentile bagged by 6 candidates says NTA | Download scorecard from jeemain.nta.nic.in, nta.ac.in - Meet Saket Jha, Pravar Kataria, Ranjim Prabal Das, Guramrit Singh, Siddhant Mukherjee, Ananth Krishna Kadambi

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved