On Wednesday, June 3rd, Indian stock bonds rose together. The Indian Sensex30 index opened 3.55%at 76583.29 points, renewing a record high; the Indian Nifty Index rose 3.6%at the beginning.The rupee’s dollar reached the maximum increase in more than a year, and the 10 -year Indian government bonds have risen slightly.
According to reports, the exaggerated buying of the Indian stock market in the market today has led to a brokerage APP.A spokesperson at the Indian brokerage company Zerodha said some users were unable to access the company’s websites and mobile apps.As far as the number of users is concerned, Zerodha is one of the largest brokers in India.
The rise of the Indian market this time has been boosted by the market emotions brought about by the current Prime Minister Modi’s optimistic election.
On Saturday, the Indian election was officially ended, and the final result was about to be releasedSurat Wealth Management. Most polls showed that the Alliance led by the Indian People’s Party won 350 to 400 seats in the election of Saturday, far exceeding the establishment of the next government.272 seats.
Winning with an overwhelming advantage will ensure the continuity of India’s current policy.Some analysts believe that if the reform promoted by Modi can continue, it will bring predictable profit growth to Indian companies and attract capital inflows.
Modi’s overwhelming victory will benefit risk assets
According to the latest mainstream polls, the Indian People’s Party and its alliance political parties led by the current Prime Minister Modi are expected to win more than 350 overwhelming victories in the 543 directly -elected seats in the house and continue to control the regime.
Earlier, the uncertainty of investors in the results of the election had caused the Indian stock market to fluctuate, but once the poll results obtained the verification of the final votes of the election committee, it is expected to let the market regain confidence, which will bring a wide range of Indian stock markets, bond markets and foreign exchange markets.Bounce.Many foreign -funded analysis agencies predict that once the election end, the Indian stock market will usher in a rebound on Monday, and the main stock index is expected to refresh the historical high.Ahmedabad Investment
VINIT Sambre, director of DSP Mutual Fund, said:
The market once doubted the election results and caused fluctuations. Now this will calm down -this is a strong recognition of policy continuity.A positive response may appear on Monday.
ABhay Agarwal, the founder of Pu Saisi Assets Company, said:
If the Modi camp gets more than 350 seats, the demand for investors’ bonding for short positions may promote the stock market to break through the 23,000 points of innovation on Monday, and it may rise to about 23,500 points after the results of the results of June 4.
Due to the pragmatic fiscal position and the guidance of parental business policy, the Modi government successfully attracted a large amount of foreign capital inflow during the past ten years, and also vigorously promoted the continuous growth of infrastructure and corporate capital expenditure.
Market participants generally predict that if the re -election is successful, Modi will continue its friendly economic policy tone.Citi analysts predict that once an overwhelming victory is achieved, the Modi government’s third term will increase its investment and economic reforms for the third time, continue to expand government expenditure scale, and continue to inject power for economic growth and investor confidence.
There may be deviation in polls
It should be pointed out that the export polls of Indian elections often have large deviations, and their accuracy is doubtful.
For example, in 2004, the export polls predicted that the National Democratic Alliance and allies of the ruling party would receive 240-275 seats, but the National Democratic Alliance eventually actually only received 187 seats and lost its ruling power.This historical precedent also made some discounts of the credibility of this export poll.
It is worth pointing out that the Modi government has a great influence on television stations entrusted to conduct polls, so the results of polls may have been distorted.And the opposition party also claims that the political preferences of the Indian people are very different from the results of polls, and polls are just psychological warfare.
This poll also shows that at least 3 export polls predict that the Modi camp will get up to 400 seats, which is unsuitable with Modi’s "400 seats" slogan.People believe that the results of polls are too exaggerated and suspicious.
However, although the polls often have a certain degree of deviation, the mainstream polls generally predict that the Modi camp will get more than half of the lower courtyard seats, which has greatly enhanced investors’ certainty of policy continuity and economic prospects.
If the poll does not seriously depart from the final result, analysts expect India’s risk assets to generally benefit.Just last week, the Indian stock market had fallen by nearly 2%at the view of foreign investment, but once the general election was settled, the short position will face the pressure of liquidation. Investors’ certainty of the firming of the political situation will drive up the stock market.
Chennai Stock
