The impact of the exit polls in favour of the NDA is being seen on the stock market. The Sensex and Nifty opened higher this morning. The Nifty was up 3.58 percent and the Sensex was up 3.55 percent. The Sensex increased by 2, 621.98 points and crossed the 76 thousand mark. For the first time, the Sensex crossed the 76,000 mark. Similarly, the broader NSE Nifty surged 807.20 points to 23,337. Later it seemed to be stable at 23,000.
Friday's After the release of exit polls on June 1, the stock market is showing a boom on the first day of the week on Monday. Almost all exit polls have predicted a clear majority for the NDA. After this prediction, foreign investors are once again seen moving towards the Indian stock market.
According to analysts, two major developments this week have led to a boom in the stock market. The results of the Lok Sabha elections will be declared on June 4. Governor Das will announce the interest rate from the RBI on June 7. Both of these developments are seen in the stock market.
Swastika Invest mart Ltd. Speaking to The Indian Express, that the NDA would get more than 350 seats. This had adverse impact on the market. But at the same time, if the actual results show a different picture than the exit polls, it can also have a negative impact on the market.