On June 4, the day of the General Election results, investors should be prepared for significant market volatility, potentially triggering circuit limits on the stock exchange,” Bannerjee stated.
Indian Stock Market Predictions for Lok Sabha Election results
With the Lok Sabha election results rapidly approaching, market players are speculating about the direction that the Indian benchmark indexes would go. Results of the Lok Sabha election will be declared on Tuesday, June 4.
According to Suman Bannerjee, CIO of Hedonova, depending on the result, upper and lower circuits may be activated on the day of the general election.
Investors should brace themselves for considerable market volatility on June 4, the day of the General Election results, which could result in circuit limits on the stock exchange,” the statement added. Bannerjee.
Bannerjee went on to say that past examples, such as the 2009 elections, demonstrate that the results of elections can activate both the higher and lower circuits. The expert also stated that investors should anticipate possible trade halts in the event that market moves above the 10%, 15%, or 20% criteria.
Note that circuit limits, like the Nifty 50 index’s, are intended to reduce extreme price swings and stabilize the market.
In addition, Bigul CEO Atul Parakh believes that the next election results will serve as a true litmus test, influencing market sentiment in the face of uncertainty and volatility as the political landscape develops, Indian Stock Market Predictions for Lok Sabha.
Over an extended period, the market is dependent on fiscal policies, global dynamics, corporate growth in earnings. Although short-term volatility is to be expected, wise investors should prioritize fundamental research and diversification to manage uncertainty and take advantage of long-term possibilities that extend beyond the election’s immediate effects, according to Parakh.
On the day of the Lok Sabha election results, the market is predicted to remain unpredictable, but there is a chance that the Nifty might hit 24,000 in the next few days.
Indian Stock Market Predictions for Lok Sabha, Nifty is anticipated to break through the 24,000 barrier in the upcoming days following a phase of consolidation. According to Santosh Meena, Head of Research at Swastika Investmart Ltd., This is supported by the attractive valuations in large-cap stocks and the anticipated increase in foreign institutional investor (FII) inflows into the Indian market following the election results.”
Bonanza Portfolio Indian Stock Market Predictions for Lok Sabha
According to Rajesh Sinha, Senior Research Analyst at Bonanza Portfolio, the market would perform favorably. area on election day, but depending on the pattern of the results, volatility may be observed tomorrow. Moreover, from a mid-to long-term perspective, we think investors should look into industries like PSUs, defense, infrastructure, railways, etc., where the incoming government is anticipated to place greater emphasis. If the exit poll findings translate into real figures on result day, or tomorrow, then the market’s long-term view will be positive.
The domestic blue-chip indices closed higher on Monday, June 3. Indian Stock Market Predictions for Lok Sabha Election Results Nifty ended at 23,263.9, while Sensex finished 2507.47 points higher at 76,468.78. There was widespread purchasing activity at every counter.
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