The big guns on Dalal Street boomed non-stop for the last few weeks, and hit fever pitch after the exit polls showed a higher possibility of an NDA victory.
The big bets have been placed, the votes are in. However there are still a few hours to go before the final official tally is delivered and the tension in the financial markets can be cut with a knife. So, who is going to be screaming "Winner winner chicken dinner" this time around, that's the big question that we are asking.
The big guns on Dalal Street boomed non-stop for the last few weeks, and hit fever pitch after the exit polls showed a higher possibility of an NDA victory. However even they have finally slowed down over the last two sessions. With just about half a day to go before the big numbers come, we bring you a slice of the real big guys who make markets and shape opinion.
Rakesh Jhunjhunwala tells Menaka Doshi that should the NDA come to power, he is confident the mother of all elections will be followed by the mother of all bull markets .
On the other hand the exit polls may point to the NDA holding a very strong hand, but not everyone is willing to go all-in. Case in point: veteran market watcher Shankar Sharma . Sharma believes a stable NDA government is not a done deal by any means and he is putting his money on the already strengthening Indian economy, which he says will win the day once the river card is turned over on May 16.
However there are some players out there who are still betting on their hole cards to pocket the pot. Raamdeo Agarwal says, putting money into the market based on the number of possible seats the BJP might get on Friday is something speculators should do not long term investors. While Sunil Singhania feels that while a stable government is good news it is corporate earnings eventually that will be a kicker.
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Election Exchange: What Markets Want
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