People watch Indian stock market indices on a display screen on the facade of the Bombay Stock Exchange building in Mumbai on Monday, May 20, 2019. They include HDFC Bank, ICICI Bank, Titan, Kotak Mahindra Bank, Bajaj Finance and DCB Bank. “The exit polls will be seen as a modest positive for the Indian stock market as it was largely factoring in the return of the BJP-led NDA government,” Kotak Institutional Equities said in a research note. One reason for this could be the government’s eagerness to quell concerns about agrarian distress and poor farm incomes which, if the exit polls are right, do not seem to have affected the BJP’s vote share. The pundits were still wavering on whether the Indian stock markets — which have lagged Asian peers for the greater part of the year —would once again start to see blowout returns for investors.

Source: The Telegraph May 20, 2019 21:56 UTC