Today is a great day for Indian Stock Market as it has risen by over 3% because of exit poll prediction. As you might aware that last Saturday Indian Elections were concluded and in the evening exit polls result started pouring in.
PC: Google.com
All the exit poll suggested that the ruling government I.e. National Democrative Alliance will come to the power with thuming majority. And this is the main reason for this great positive jump of the stock market. As we all know that stock market loves the stable government and NDA coming to the power gives that boost to the government. Being an investor myself, I too love that India should be ruled by the stable government and not some coalition government.
We have seen in the last time when the coalition government came to power, there was a lot of scams and other things which basically didn't liked by many. So today, my portfolio has grown by over 5% today mainly because I had some small cap and mid cap in my portfolio. Some of the PSU also gave a great returns today and that's also the reason of my portfolio going up by over 5%.
Now tomorrow is the result of the election and if the exit poll will be correct we can see some of the great returns tomorrow too. I am waiting for tomorrow and if the coalition government comes then we can see a blood bath in the government. So since we are not 100% certain about the outcome tomorrow so its better to take both into consideration and keep your SL in place so that you can get the maximum profit.
So yeah it is just 10 hours from now for the counting will start and we will see how it goes. Eagerly waiting for the election results as the election were going by over 2 months now. And after this we can actually see some of the work by the government which will benefit the people.
