InvestorQ : What was the impact of exit polls 2019 on the markets?
Roshni Hegde made post

What was the impact of exit polls 2019 on the markets?

Answer
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Priyanka Singh answered.
1 year ago


Right after the last phase of the Lok Sabha election 2019, the exit polls result predictions differ with responses of people to people.
Pollsters say Tamil Nadu has got majority polls for the Bharatiya Janata Party (BJP) government whereas, other experts DMK-Congress may win 31. In Punjab, it is predicted the Congress to gain a larger share of Lok Sabha seats.

Telangana Rashtra Samithi gets an overall state prediction of successfully continuing its government with K Chandrasekar Rao.
Most exit polls are predicted towards the Bharatiya Janata Party.

Now coming to the query over impacts of the prediction on the stock markets, well I have much to share about it. Shares of Adani Group companies showed upward trend close to 17%.
Financial experts say it is due to the market momentum towards winning of BJP to form government on May 23. Majority of the predictions say the Indian market would outperform the global markets if the election result will be in favour of BJP government.
The market may show changes in Sensex, Nifty in the range of 5-10 %.
However, Shashi Tharoor, Indian politician tweeted over predicting results of the Lok Sabha election that things may go not go as per the expectations and the predictions may be "all wrong".