Exit poll 2024 frenzy could be followed by profit booking after results, focus to shift on Budget, say experts

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Poll of Polls: 10 exit polls predict 350+ seats for BJP-led NDA, three 400+; INDIA bloc to get less than 200 seatsThe Indian stock market experienced high volatility last month due to the Lok Sabha election. While most experts expected the NDA to retain power at the Centre, the market was nervous amid speculations that the ruling alliance might not secure a strong majority. With exit polls indicating a solid majority win for the NDA, the stock market appears to have shrugged off election-related jitters.Also Read: Exit Poll 2024: How to trade keeping Lok Sabha Election results in mind?Experts are optimistic about the Indian stock market's medium—and long-term prospects.

Some, however, expect some profit booking after the sharp gains in the market. Overall, they find the Indian market poised for growth due to strong macroeconomic fundamentals, political stability, and expectations of an above-normal monsoon.Also Read: Stock market today: Nifty 50, Sensex hit all-time highs. Exit polls 2024 to GDP data - 4 reasons why market is soaringLet's explore the insights from top experts on the exit poll results and their outlook for the Indian stock market:According to most pollsters' exit poll predictions, the NDA alliance could end up with 350-370 seats, enough to form the government for the third time.

This number aligns with the median forecast ahead of the exit polls. However, it is almost the same as that in 2019 and short of the alliance's 400+ target. Psychologists are at their best when analysing exit polls.