exit poll impact Nifty: Nifty bulls scream 'Abki baar 24,000 paar' after exit polls predict Modi 3.0
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As exit poll results predict a hat-trick for Prime Minister Narendra Modi in Lok Sabha, the stock market looks poised for a rally on Monday as Nifty bulls are screaming 'Abki baar 24,000 paar'. If the election result on June 4 also turns out to be in favour of Street favourite BJP, analysts see Nifty jumping as high as 24,000 in the next few days. The headline index had ended the week down nearly 2% at 22,531 as FIIs preferred to play safe ahead of the D-Day. As the exit polls result now indicate a clear victory for the NDA alliance with 350+ seats, analysts say it is a shot in the arm for bulls who will trigger a big rally in the market on Monday. "Largecaps in financials, capital goods, automobiles and telecom are likely to lead the rally. The bulls will be further emboldened by the better-than-expected 8.2% growth in GDP numbers which came after market hours on Friday. Technically and fundamentally the market is poised for...