Share Market: Nifty Sees a Surge After Lok Sabha Election Results 2024

Share Market News: After the election results, Nifty seemed to be touching its pre-exit poll levels on Wednesday. After a drop of around 1900 points on Tuesday, Nifty increased by around 735 points to 22620. On the other hand, after a drop of 5000 points on the day of the election results, on Wednesday, it crossed 29000 points. The shares of banks, automobiles, metals, and FMCG sectors were leading the market. 

What Do Experts Say?

Analysts believe that after the formation of India’s government, the share market has also seen a sharp rise. However, until the government is completely re-established, the market is expected to remain volatile. On the other hand, during the period of defensive bets in the purchase, investors are looking to buy in the FMCG.