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Market is pricing in NDA victory, says stock expert Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com said that the market is pricing an NDA win.

Voting is underway for 7 Lok Sabha seats of Delhi. Sudarshan Sukhani of s2analytics.com said that the market is pricing an NDA win. “The market is thinking that NDA government is going to come back into power and that is why it went up to 11,800. The recent decline that we are seeing is because the world markets are soft,” he said.
“So far as Narendra Modi makes a government again, I do not think the market will be impact because they have already priced in this outcome. In the very unlikely case that he does not form a government, the market will have a crash and it may go all the way to 10,000, “ he added.