EUR 120.00 For Business Accounts Only

MOSL: Morning India (20/May/19): 1. India Politics (Exit polls predict majority for NDA); 2. IOCL; 3. Bajaj Auto; 4. Shree Cement; 5. Dr Reddy's Labs; 7. P I Industries; 8. Jubilant Life; 9. CESC

MOrning India (20/May/19): 1. India Politics (Exit polls predict majority for NDA); 2. IOCL; 3. Bajaj Auto; 4. Shree Cement; 5. Dr Reddy's Labs; 7. P I Industries; 8. Jubilant Life; 9. CESC

 

Today’s top research theme

India Politics: Exit polls predict majority for NDA; Prospects of third front diminish; expect positive reaction in markets

• Exit polls conducted by various media agencies have predicted clear majority to NDA, slightly better than the projections of opinion polls conducted prior to the elections.
• The Exit Polls accord an average of 304 seats to NDA and 118 seats to UPA with rest of the seats going to other parties outside of these two pre-poll alliances. BJP is predicted to win an average of 260 seats while Congress is expected to reach 67 seats in 2019.
• Key takeaways: BJP is expanding its footprint nationally. Traditionally a party with dominance in North, West and Central India, it is gaining foothold in East in 2019. This will be the first instance in the history of Independent India when Congress would have failed to cross triple digit seats for two elections in a row in a National Election.
• Markets to react positively ; recent overhang of potential hung verdict to fade
• TOP IDEAS | Large-caps: ICICI Bank, SBI, Maruti, Ultratech, L&T, Titan, Bharti Airtel, Coal India, Infosys, HDFC LIFE.

Mid-caps: Federal Bank, LIC Housing Finance, Indian Hotels, Siemens, ABFRL, Crompton Consumer, Ashoka Buildcon, JSPL, Godrej Agrovet.

Piping hot news

Exit polls predict a landslide win for NDA

• Results of most exit polls released on Sunday point to a landslide win for the ruling Bharatiya Janata Party (BJP), with the National Democratic Alliance (NDA) returning to power. If these results hold up on 23 May when counting of votes takes place, the BJP-NDA combine will become the first non-Congress government to return to power with a majority. This would be the first time that BJP would form a government twice in a row at the centre.