Lok Sabha Elections 2024: Brokerages say PSU, real estate and these sectors will get boost if NDA regains power
Lok Sabha Elections 2024: Exit poll results came on June 1 (Saturday) after the seventh phase of voting. Almost all leading exit polls showing that Prime Minister Narendra Modi is set to return to return to power with BJP-led NDA re-forming the government as the results for Lok Sabha Elections 2024 are set to declared on Tuesday (June 4, 2024). Amid such a political scenario brokerages such as Motilal Oswal, Bernstein, Jefferies, Goldman Sachs, BofA, and JP Morgan have picked many sectors which are likely to get a boos if NDA regains power and forms the government after the 18th Lok Sabha results are declared on Tuesday.
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Nomura on exit polls
The brokerage says that equity market are likely to react positively if exit poll results translate to actual results. It says exit polls can be positive on infrastructure, manufacturing and capex theme.
Motilal Oswal on exit polls
The NDA forecasted to win 370 seats as per average of all exit polls, it is positive for industrials, consumer, real estate and PSU sectors.
Motilal Oswal on exit polls
The brokerage says exit polls indicate comfortable win for BJP-led NDA, positive on industrials, consumer and materials sectors.
Bernstein on exit polls
The market might touch 23.5K briefly before profit booking takes over, positive on the manufacturing sector, says the brokerage.
Jefferies on exit polls
Exit poll numbers for BJP/NDA are higher than expectations, says the brokerage, adding that it is positive on real estate, power and private banking sectors.
Goldman Sachs on Elections
Indian assets offer some of the most resilient return profiles across the EM world, says the brokerage.
BofA on elections
India is well positioned to scale manufacturing in select sectors, positive on auto, pharma and textiles sectors.
JP Morgan on elections
It is upgrading industrial sectors to 'overweight', saying exit polls are positive for the industrials, auto and banking sectors.