INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Dalal Street is known for knee-jerk reactions to election outcomes
polls showed the ruling party at the Centre may be in for a shock defeat.
The outcome of the state elections will be later Tuesday
There are expectations that assembly poll results will set the tone for the general elections in 2019
Market participants remained cautious after exit polls showed signs of anti-incumbency in the BJP-ruled Rajasthan, Madhya Pradesh and
Opposition Congress may emerge a clear winner in Rajasthan, and was in a neck-and-neck contest in the other two states.
The BSE Sensex
guarded responses to the unfolding political equation
There are thousands of reasons that affect stock market, not only elections
The idea of choosing investment as a career is to sit back and let the management get all the tension about the elections, monsoon,
Invest in a company with good management having at least 15 years of experience.
Kotak Institutional Equities ResearchA 3-0 (BJP winning
Chhattisgarh, Madhya Pradesh and Rajasthan) or 2-1 (BJP winning Chhattisgarh and Madhya Pradesh) score for the BJP may result in a moderate
market rally, subject to global developments
The market is still seeing a higher probability of the BJP winning the national election in April-May 2019
However, a 0-3 (BJP losing all the three states) or 1-2 score (BJP losing Madhya Pradesh and Rajasthan) for the BJP may result in the market
Partner, MD CIO, Sarthi GroupIn an interaction with ETNow, Bansal said it is very challenging to take a short-term call on the market
Assembly election results will have some impact on market
That built in reasonable success for the ruling coalition at the Centre
Bansal said if the election results come in line with the expectations that have already been built in, then there may not be any upside
Oil prices, of course, corrected which also got built into that 8-9 per cent rally
he said.
Pankaj Murarka, Independent Market ExpertSome of the nervousness that we saw in the market on Monday were partly a reflection of
The key takeaway from the exit polls from a market perspective is that it is not going to be a straight win or an easy run for the incumbent
That hangover will remain over the next four or five months until the general elections
India has always been a bottoms-up market where irrespective of noises around elections and global concerns there are enough number of
companies which keep growing at high teens or higher rates irrespective of all the election cycles
From an investor's point of view, it is a good time when markets are on a correction mode and a lot of these excessively high valuations
have moderated significantly
It is the time to go out and buy some of these good businesses which can deliver 15-20-25 per cent growth over the next three to five years
Milan Vaishnav, Gemstone Equity ResearchThe weakness occurred in reaction to the exit polls on Monday and the market will react to the
election results on Tuesday
Despite the negative developments on the charts, any favourable election outcome will negate these adverse technical signals and we will see
the market recover again.
The daily MACD made a negative crossover in the previous trading session and RSI marked a fresh 14-period low,
which is a bearish sign.
Hemang Jani, Sharekhan by BNP ParibasWeak global markets, along with the state election results kept investors on
Long-term investors can use the volatility to their advantage and buy into quality firms at lower levels.
