Sensex soars, city investors upbeat

Ludhiana, May 21

Immediately after the last phase of Lok Sabha elections yesterday, the exit polls began pouring-in. Almost all leading media houses predicted another spell for the NDA government at the Centre. With this, the Sensex soared to almost 1,400 points, making the investors richer.

Director Customer Relations Indica Investments Vikas Kalra said the stock exchange rose after the exit polls claimed the NDA victory with a majority. “Sensex depends on many factors: the stable government is a positive factor and a reason for the rise in stock exchange whereas a coalition government or an alliance or hung government is considered to be a negative factor. The stock market had crashed recently because of China/US Trade war. It is good and investors would be happy,” said Kalra.

At the same time, the FOPSIA president said it was because of the exit polls that the stock exchange rose. “The investors are happy too. We hope that the predictions of exit polls are true but in case they are contradictory, the market is going to crash. The experienced investors are too smart to understand the whole game. Before losses, they take out the shares,” said Jindal. Meanwhile, the stock exchange was abuzz with activity. — TNS