Exit Polls 2024: Bulls to Dominate D-Street as BJP Secures 350+ Seats; Nifty Targets 23,500

Bulls are expected to dominate the stock market on Monday, June 3, following exit polls projecting over 350 seats for the BJP-led NDA in the Lok Sabha elections. Analysts are optimistic about a strong rally in the Nifty 50 index, as the clear victory predicted by the exit polls is likely to ease concerns among investors about the election outcome.

“According to Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, the exit poll results showing a clear NDA victory with around 360 seats have erased the election-related worries that affected the markets in May. This news is seen as a boost for the bulls, who are expected to drive a significant market rally on Monday.”