• SENSEX
    NIFTY 50

Mangalam Maloo's market update on May 20: Sensex, Nifty likely to open positive; Tata Motors, Jet Airways, InterGlobe Aviation in focus

Indian bourses are expected to a rally on Monday after exit polls of the 2019 Lok Sabha elections projected Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) to win a comfortable majority. Analysts said the equity market has already priced in Narendra Modi's win, however, the exit poll numbers will further boost Indian benchmark indices BSE Sensex and NSE's Nifty 50.

A News18-Ipsos exit poll has predicted NDA winning 336 out of 542 seats, with BJP gaining 276 seats and allies seen taking 66 seats. Congress-led United Progressive Alliance is likely to win 82 seats, with the grand old party taking 46 seats and the rest of 36 to allies.

On Friday, the Sensex surged 537.29 points, or 1.44 percent, to 37,930.77, and the Nifty 50 rallied 150.05 points, or 1.33 percent, to 11,407.15. For the week, the Sensex rose 467.78 points or 1.24 percent, and the Nifty gained 128.25 points or 1.13 percent.

Share markets in Asia got off to a steady start on Monday as investors tried to catch their breath following another week of escalating trade tensions between the United States and China.

At 7:05 AM, the SGX Nifty, a key indicator for the Indian market surged 2.16 percent, at 11,681, indicating a positive start for the Sensex and the Nifty.

Stocks to watch: Tata Motors, Jet Airways, InterGlobe Aviation in focus. Click here to know more.

About MarketBuzz

The CNBCTV18.com podcast on the big themes, vital news and key events that you should know before the opening bell, powered by CNBC-TV18 anchors.

MarketBuzz is your daily morning briefing by CNBC-TV18 research analysts and anchors Sonia Shenoy, Ekta Batra, Anisha Jain, Nigel D’Souza and Mangalam Maloo to jumpstart your stock market investing.

Subscribe to our free podcasts on Audioboom or listen on the featured podcast page on CNBCTV18.com.
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