The much awaited election results will be announced tomorrow, guiding which government will take over power at the Centre. And if the exit polls prediction comes to be true i.e. Modi led BJP rules once again, there is expected to be seen some profit-booking and with it the indices will be pulled back as the markets have already factored a Modi win for the second term.
And marketmen see the impact of election results to be only transient. Once the thing settles at the centre and market stabilizes, fundaments would be focused on.
And despite the global headwinds due to crude oil price volatility, US-China trade dispute and Brexit issue and some of the domestic issues such as liquidity crisis engulfing the whole of Indian economy, monsoon season impact etc. few of the sectors expected to outperform include capital goods, infra, cement etc. as they are some of the prime areas of focus of the NDA government.