Modi-led NDA is set to cross the magic mark of 272 with the BJP likely to get between 230-242 seats, findings of the CNN-IBN-Lokniti post poll survey.
The Indian equity market is likely to open firm buoyed by the findings of most exit polls which give a clear majority to the BJP-led NDA government. The Nifty on Monday closed above the 7000-mark for the first time ever.The SGX Nifty, an indicator of the market opening, was trading at 7111, up 69 points on Tuesday morning.
Modi-led NDA is set to cross the magic mark of 272 with the BJP likely to get between 230-242 seats on its own while Congress-led UPA set to be decimated, findings of the CNN-IBN-Lokniti post poll survey.
However, news on the macro-front continues to disappoint. Rate cut hopes have receded as retail inflation rose to a 3-month high in April. Also, industrial production in March contracted by 0.5 per cent.
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