Dealers and brokerages are of the view that the markets would react to different seat scenarios in different ways. Take a look at what could possibly be the likely scenarios and where the Sensex and Nifty could head.
Under 220 seats
Should the NDA get less than 220 seats, markets could react by at least 10 per cent on the day of the results. Fears that support from a strong personality like Jayalalitha from the AIADMK would be imminent could send shivers down the spine of investors.
220-250 seats
Should the NDA get between 220 and 240 seats expect the markets to remain steady at the current levels since the Sensex has rallied almost 1500 points in three days.
250-280 seats
If the NDA manages to get between 250 and 280 seats markets are likely to rally further and the Nifty should easily head to the 7500 levels in the next one week following the results.
280 seats and above
The current euphoria is likely to continue and one cannot rule out 8000 points on the Nifty and 26,500 points on the Sensex in a couple of weeks following the election results.
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