The Nifty is likely to move up by 400-500 points from the current levels if the BJP on its own manages to get over 275 seats on May 23, said market expert SP Tulsian in an interview with CNBC-TV18. He added that the Bank Nifty may move up by 1000-1500 points in the scenario.
With regards to OMCs, he said the fourth-quarter numbers were not really very disappointing and going forward, things are expected to be good.
"Going forward marketing margins will help all the three OMCs and on the GRM front too things may not worsen. Therefore, as an investor one can take a call on all the three OMCs but traders can allow things to pass â the Option expiry and election results â and then take call for the next series," said Tulsian.
On IndusInd Bank, he said one does not see further downside for it.