NDA Victory Impact On Stock Market: The results of Bihar elections have come out. NDA has achieved a landslide victory. These election results did not have much impact on the stock market. However, market experts believe that these results may have an impact on some specific stocks.
Experts say that there will be a rise in these special stocks. After this victory, the central government is expected to move forward in the direction of policy reforms. Due to which, there is full expectation of a rise in the shares of infrastructure, manufacturing and government sector companies in the coming days.
What do market experts say?
According to a report published in Jagran News, with this big victory the central government can increase policy reforms and investment in Bihar. Due to which the shares of companies of certain segments are expected to rise. Amit Goyal of Pace 360 said that the results of Bihar elections have a positive impact on the stock market.
This confirms that the political environment in the country is strong. Also, after these results, the central government can take big steps related to development in the coming days. The BJP government at the Center will get an opportunity to focus on structural reforms. Due to which the shares of infrastructure and manufacturing sector may rise.
Swastik Jain of Generational Capital told Jagran News that after the election results, there will be an infrastructure allocation of Rs 58,900 crore in Bihar and efforts will be made by the government to promote capital expenditure and consumption.
market movements on friday
There were ups and downs in the stock market on Friday’s trading day. However, at the end of the trading day, both the major benchmark indices BSE Sensex and Nifty 50 closed trading in the green. The 30-share BSE Sensex index closed at 84,562.78 with a rise of 84.11 points or 0.10 per cent, while the Nifty 50 closed at 25,910.05 with a rise of 30.90 points or 0.12 per cent.
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