Top midcap bets from Motilal Oswal post exit polls results
Updated : May 21, 2019 07:08 PM IST
Indian equity benchmark indices witnessed a record rally on Monday after the exit polls of the 2019 general elections indicated a comfortable win for the Narendra Modi government.
The Sensex gained as much as 210 points to hit a new high of 39,562.90, surpassing the previous high of 39,487.45, hit on April 18. Nifty also gained as much as 50 points to hit a fresh high of 11,878.75, surpassing the previous high of 11,856.15, hit on April 18.
Analysts in Motilal Oswal believe that the near-term direction of the market will be decided by the developments on the political front. Keeping politics aside, the fundamentals are not offering much comfort with earnings.