nifty shaved 365 points and closing below psychological 22k mark. possibly, the sell off is due to exit polls of last three phases predicting congress alliance winning majority. if congress comes to power, it is best for markets as retailers must remember the first and only upper circuit in indices happened when congress won again in 2009.
In hindsight you may be right. but do think, the first two phases of the vote were held on April 19 and April 26 in 190 seats. mostly in south of India , where Inc may score good or bjp may do bad. markets wud have reacted even then, knowing the exit polls secretly. Even now - its a game of probability, where every big whale who has skin in the game would mint money by creating a volatile environment. its not about exit polls or predictions as its never fully right in the first place.
Global cues positive. all q4 results stellar. no negative news at all. today whole media found no reason or excuse for a whopping 365 points crash in nifty. over 10 lakh crore rupees market cap wiped off this week. one word volatility or two words expiry blues can be attributed for today fall when we dont know the real reason as you are saying exit polls are not the reason.
fair enough. let him win all 543 and nought or zero for all other parties. also let him change constitution and be like a king and rule India for 30 more years or till his last breath. north korea, china and russia have such precedents.
Generally, all parties have their sources to fetch exit polls that are not available for the public until the last phase is voted out. For example even RIL may have their own resources and research agencies and so do many parties. Thats not the reason why any market can fall, this happened in 2019 too. Its about volatility and making money until the elections, markets neither goes one way down, for it to behave like black swan. it is not.
Ai garu, election commission banned exit polls until all phases of election are over. Then from where did u got them
aayega to modi hi bro . he is coming with 300
nifty shaved 365 points and closing below psychological 22k mark. possibly, the sell off is due to exit polls of last three phases predicting congress alliance winning majority. if congress comes to power, it is best for markets as retailers must remember the first and only upper circuit in indices happened when congress won again in 2009.
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