exit poll impact on market: Exit polls show Advantage BJP! D-Street to likely train its guns on these sectors
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Now that the exit polls are giving a clear advantage to the Bharatiya Janata Party (BJP) led NDA faction, Street is expected to see focus turning to sectors including railways, defence, infrastructure and the blue-eyed PSUs. According to the exit polls, the National Democratic Alliance (NDA) is expected to get over 350 seats out of the 542 seats contested during the seven-phase election which spanned over 48 days. One constituency did not go for election as the Surat seat went to BJP unopposed. While exit polls are estimates, the counting of votes will take place on June 4, Tuesday. ETMarkets analysed sectors that may see traction when markets resume trading on Monday. PSU stocks across sectors are expected to remain in focus in the run-up to the result date and even after it. Counters in defence, railway, public sector banks (PSBs) may see a sharp upturn. Ever since voting for the Lok Sabha election began, the market capitalisation of BS...