Thursday 9 December 2021
- Advertisement -
HomeEconomyPoll outcome in Guj, Himachal to dictate mkt trend: Experts

Poll outcome in Guj, Himachal to dictate mkt trend: Experts

New Delhi: Trading sentiment in the stock market this week will be driven by the election results in Gujarat and Himachal Pradesh, say experts.

Investors will also be keeping an eye on global factors like US tax reforms and crude oil prices, they added.

“The of Himachal and Gujarat election will be the key trigger for the market this week. The cues from session (of Parliament) will also be closely followed.

“Any deviation from exit polls could negatively impact the market sentiment in the near to medium term. Post election results, market will also look towards global cues and US tax reforms,” said Vinod Nair, Head of Research, Geojit Financial Services.

Exit poll findings have given the BJP an upper hand in both Gujarat and Himachal Pradesh.

“Going ahead, the focus would be on election outcome to be declared on December 18 along with the session of Parliament which has just commenced. Globally, eyes would be on US tax bill related developments as well as on crude prices,” said Teena Virmani, Vice President PCG Research, Kotak Securities.

“We may see optimism to continue on Monday on the day of election results,” said Anita Gandhi, Whole Time Director, Arihant Markets.

Over the last week, the Sensex notched up a significant gain of 212.67 points, or 0.63 per cent. The Nifty was up 67.60 points, or 0.65 per cent.

“Market would initially rejoice the victory when results are finally out by Monday but soon correction would resume.

Only for a week the market will be active after which year end holiday mood will grip the whole world. The Parliament session will have some fireworks which the market will be watching.

“The mood of the market will remain buoyant and stock specific movement will dominate the week but in general the wait and watch phase will continue,” opined Jimeet Modi, CEO, Samco Securities.



Sirf News needs to recruit journalists in large numbers to increase the volume of its reports and articles to at least 100 a day, which will make us mainstream, which is necessary to challenge the anti-India discourse by established media houses. Besides there are monthly liabilities like the subscription fees of news agencies, the cost of a dedicated server, office maintenance, marketing expenses, etc. Donation is our only source of income. Please serve the cause of the nation by donating generously.

Support pro-India journalism by donating

via UPI to surajit.dasgupta@icici or

via PayTM to 9650444033@paytm

via Phone Pe to 9650444033@ibl

via Google Pay to dasgupta.surajit@okicici

PM @narendramodi has inaugurated AIIMS Gorakhpur; this will further unlock opportunities for medical professionals. #TransformingIndia


தமிழ் சினிமாக்காரன் எவனாவது CDS மரணத்திற்கு இரங்கல் தெரிவித்தானா ?

தின்பது வாழ்வது இந்த நாட்டில் ஆனால் விசுவாசம் எந்த நாட்டிற்கோ.......

புழுக்களை விட கேவலமான கூத்தாடிகள்.

[New] Podcast 301.0: Omicron variant, Covid19 Updates, Vaccines, China and Indian Cricket | @ruchirsharma_1 joins me on @myindmakers podcast this week.. do tune in

CBDT issues refunds of over Rs 1.32 lakh crore to over 1.19 crore taxpayers between April 1 to December 6 this year. @IncomeTaxIndia says, refunds of Rs 44,207 crore issued in over 1.17 crore cases and Corporate Tax refunds of Rs 88,174 crore issued in over 1.99 lakh cases.

Defence Minister #RajnathSingh addresses the Parliament on the unfortunate incident of the IAF chopper crash in Coonoor yesterday, says
Listen in!

Read further:

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -



%d bloggers like this: