Wednesday, January 27, 2021

Indian markets will move further ahead ‘if’ exit polls prove right: Brokerages

- Advertisement -

Indian markets will move further ahead 'if' exit polls prove right: BrokeragesIndian markets will move further ahead if the exit polls prove right, but investors must still be cautious till May 23 as exit polls have a mixed record, said various brokerage firms.

“Exit polls have a mixed record, so the real deal is still May 23 when the actual results will be available,” Morgan Stanley said. On a similar note, HSBC said that the past polls have had a patchy record, and the Uttar Pradesh outcome remain uncertain.

READ ALSO:  Govt mulls diluting FDI rules ahead of Air India sell-off

“While mostly all exit polls this time are directionally speaking the same tune, we note that historically, exit polls have shown lack of accuracy in seat predictions and even in trend predictions,” said Madhavi Arora, Economist, FX & Rates, Edelweiss Securities Ltd.

“For instance, the 2004 exit polls depicted a NDA victory, but the actual outcome showed the Congress turning out to be the single largest party and formed the UPA alliance,” she added.

READ ALSO:  FM stresses on structural treatment of debt at G20 meet

Nomura said that the exit polls suggest a better-than-expected result for the NDA, but near-term growth risks remain.” Do not foresee a major reversal of the current (weak) economic conditions in the short-term,” the brokerage said.

JPMorgan said that a stronger victory for the NDA, beyond 290 seats, could trigger a more robust response (3-5 per cent) but any slippage in the number of seats for the NDA would trigger a negative reaction.


India Updates
India Updates is an independent news & Information website. Follow us for regular updates on News and Information.

Related News


Please enter your comment!
Please enter your name here

Trending Topics In India

Covid 19 India Updates

Trending News In India

Trending Showbiz

Trending Sports

Latest Trending News In India

Delhi Police caught off guard by breach of trust by protesters?

New Delhi, Jan 26 (IANS) When the Delhi police entered into an agreement with the protesting farmers, little did they realise there were chances...

How the situation turned ugly at Red Fort

New Delhi, Jan 26 (IANS) The farmers movement that had been peaceful for the last two months turned violent on Republic Day on Tuesday...

Anyone who wants Covid vaccine could get it ‘this Spring’: Biden

By Nikhila Natarajan (IANS) US President Joe Biden's underpromise-overdeliver strategy on Covid-19 vaccine allocation landed its most optimistic message yet, pointing to vaccination for...

SKM asks farmers to return to borders, continue peaceful protest

New Delhi, Jan 26 (IANS): After violent clashes with between the police and the protesting farmers in the national capital on Tuesday, the Samyukt Kisan...