Where can you expect Nifty after election results? Market wizard Anil Singhvi shares his targets

As markets are gearing to the D-day, Zee Business Managing Editor Anil Singhvi suggests his targets on the Nifty in case the poll outcome is aligned to exit polls. Nonetheless, in the initial counting, BJP-led NDA is leading on 286 seats as of the last count. The expert has set the bluechip index Nifty 50’s target in the range of 23,600-23,800 if the BJP-led NDA gets 370 seats. Furthermore, if the  BJP wins by a still higher majority of say 400 seats the target pegged by the expert is 24,000-24,200.

Nevertheless, in case the NDA gets a lesser number of seats, say 325, Nifty’s target is seen at 22,900-23,100.

Further, the expert claims that he has not made an analysis in case the current government does not come to power.

On Modi 3.0, wealth creation ideas

Singhvi on the likelihood of the BJP win for the third term says all things PSU should be on investors' radar from railways, power, defence, oil and gas and energy stocks.

Also for two or more years, investors can also look at themes like telecom, manufacturing, FMCG and infra shares. The expert sees the telecom sector to see price hike soon which will augur well for the sector as a whole.