After the results of exit polls projected a landslide victory for the National Democratic Alliance in the just concluded general Lok Sabha elections, stocks added Rs 3,00,000 crore on Dalal Street on Monday to investor Kitty. Within a minute into trading, the market value of all the BSE companies together skyrocketed to Rs 3.18 lakh crore to Rs 1,49,76,896. The domestic stocks market value has risen by Rs 5.39 lakh crore to Monday in three sessions.
Analysts predict that there is a scope for further gains in the future. CMD of Motilal Oswal financial services Motilal Oswal told that exit poll results are better than the expectations. He also told that markets are going to move up by 2% of 3% in the coming days. He also added that investors should increase equity allocations.