Even as the Lok Sabha elections 2019 counting is going on and the afternoon trends show that the BJP-led National Democratic Alliance (NDA) is going to get a big majority, stock markets today touched all-time highs. BSE Sensex and NSE Nifty50 crossed the psychological levels of 40,000 and 12,000, respectively before retreating. 

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Stock market expert Vikas Sethi on Zee Business TV said that with the BJP-led NDA winning the majority of the seats in Lok Sabha, the market is going to do better. He said there are a lot of buying opportunities in the market. Sethi said, "Now, I have picked an oil marketing company, BPCL. The markets have witnessed a correction from the day's highs and with the election results that is close to the highest seat predictions in the Exit polls, what I think is that the market is going to gain further."

He added, "I think there is a lot of upside in this stock. With this out-of-the-way victory of the incumbent party, now oil marketing companies (OMCs) will have rooms to fix price in accordance with the crude oil prices in the international market. I think OMC stocks should be bought."

He has given a target of Rs 415 for this stock.  At 2:12 pm, BPCL share was trading at Rs 388.5, up 1.09 percent on the BSE.