The average of all exit polls indicates that the National Democratic Alliance (NDA) is expected to win about 370 seats in the Lok Sabha elections 2024. Following the announcement of exit polls, Motilal Oswal, says, “The triumph of BJP is a positive sign for the economy and capital markets since it offers stability and continuity in policymaking with a majority administration led by a single party.”
Within a constant backdrop of earnings growth, Motilal Oswal says that its model portfolio continues to be in line with the major domestic cyclical themes. “The four main investing themes they like are industrials, consumer discretionary, real estate, and PSU banks,” it adds.
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