‘The opposition had already declared that the BJP media will show BJP crossing 300. This will create scope for cheating. The BJP exit poll was prepared several months ago. Based on this exit poll, the BJP will announce the results of the stock market on Monday.
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SP chief Akhilesh Yadav has explained the chronology of BJP through this tweet. After this tweet, a discussion has started whether the stock market is really going to jump a lot on Monday..? Are some politicians preparing to recover money and exit the market..? To know this, Bhaskar spoke to the experts.,
First of all read the allegations of Akhilesh Yadav on the exit poll….
Now read what stock market experts say
Tarsem Garg, who runs a SEBI registered share trading firm, says, this is nothing new. Whenever the time for the results of the Lok Sabha elections comes, the market remains under a little pressure. As you have been seeing for the last three days. The Sensex has fallen by about 1500 points. Now that such trends have come in the exit polls, it is very natural for the market to rise by one or two percent.
If the same exit polls had been very negative for BJP, the market could have fallen a lot. The market believes that if the government is repeated, the policies that are currently running will continue. More money will be spent on the sectors on which the Modi government has focused. Companies related to that sector will grow. That is why the market shows enthusiasm and moves forward by one or two percent.
The 2014 exit polls were largely wrong
Tarsem Garg explains, the exit polls of 2014 and 2019 proved to be largely wrong. Despite this, the market continued to improve and the Sensex reached 76000 points. In 2014, Narendra Modi entered central politics for the first time. The last phase of voting was held on 12 May. After that, the exit poll figures gave NDA 272 to 340 seats.
The exit polls did not give UPA even 150 seats. The results were as per the exit polls. But there was no special movement in the market. On May 12, the Sensex was at 23,551. On May 13, the Sensex saw a rise of 320.23 points.
The biggest jump came after the exit polls of 2019
The last phase of voting in the 2019 Lok Sabha elections was held on 17 May. After that the exit polls came out. They were quite unexpected in themselves. The exit polls showed NDA getting 350 seats and UPA getting even less seats than in 2014. What was predicted happened. Its impact on the stock market was very strong.
When the stock market opened two days after the exit polls, it went up by 4.75%. The Sensex was at 37,930.77 on May 17. On May 20, the market saw a rise of 1,421.9 points. The market reached 39,352.67. The market moved as per the exit polls.
There will be enthusiasm in the market, movement up to 4 percent can be seen
Tarsem Garg says, there will be enthusiasm in the market on Monday, June 3. People who were hodling or were scared will invest in a hurry on Monday. Big people will exit after short covering. Due to this, there is every possibility of fluctuations in the market. Common investors should invest in the stock market only after doing a complete analysis. Between June 3 and 4, a movement of 2-4% can be seen until the actual results are out.
It would be right to invest after looking at the market
On Akhilesh Yadav’s tweet, market expert Ranjan Kumar said- If someone has been planning for months, then anyone can make a profit and exit when the market rises. But there is no magic that someone can make money and exit the market in a day. According to the exit poll, the market may rise tomorrow. This has happened before as well. It will be right to invest only after understanding the market.
The focus will be on these areas
In the last 10 years, the Centre has continued to invest in infrastructure. Construction of road-rail routes, emphasis on development of aviation-ports, production in the defence sector, focus on EV are among the priorities of the government. A boom can be seen in all these sectors.
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