Will Lok Sabha Exit Polls on 13th May set Direction for Stock Market ?

May 8, 2014 · Filed Under market · Comment 

Indian Stock markets are more favourably disposed towards a Modi-led BJP/NDA Government and that his victory is now being assigned increasingly higher probability. Opinion poll forecasts for NDA have moved up from 165-190 in Jul-13 to 240- 265 in Apr-14, vs. 272+ required for a majority. Markets may react quite differently to actual outcome scenarios, in the short-term. Our discussions with investors suggest that a number closer to the 272 mark or more would be taken very positively, possibly euphorically near-term. A number below 220-230 for NDA may be taken negatively short-term. An in-between Read more