Delhi Election Results: Does BJP’s victory mean end of sell-off in Indian stock market?
1 month, 2 weeks ago

Delhi Election Results: Does BJP’s victory mean end of sell-off in Indian stock market?

Live Mint  

Delhi Election Results: After the stellar show by the Bhartiya Janata Party in the Delhi Assembly Elections 2025, the Indian stock market may react positively when it re-opens on Monday. Echoing Avinash Gorakshkar's views, Anshul Jain, Head of Research at Lakshmishree Investment and Securities, said, “The Indian stock market may open in green on Monday after losing for three straight sessions last week. If these global triggers remain unchanged, we can see strong buying interest in metal and banking stocks, especially large-caps.” Adani shares may see strong buying Expecting some buying interest in Adani group shares, Anshul Jain said, "Previously, it has been found that Adani group shares see some value buying if there is something positive for the brand Modi in the Indian politics. Important pivots of Indian stock market Advising day traders to remain vigilant about the important levels, Shiju Koothupalakkal, Senior Manager — Technical Research at Prabhudas Lilladher, said, “The Nifty 50 index needs to breach above the 23800 zone decisively to trigger a fresh upward move and expect for targets of 24,100 and 24,600 levels in the coming days with 23000 zone maintained as the important and crucial support as of now.” On the outlook for the Bank Nifty index, Prabhudas Lilladher, an expert, said, “The Bank Nifty would have a daily range of 49,700-50,900 levels.

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