LS elections: Markets may rise 1-2% after exit polls show Modi's return

Most exit polls showed the BJP, along with its allies, crossing the halfway mark of 272 required to stake claim to form the govt

Equity markets are likely to extend gains after most exit polls showed Narendra Modi retaining power with a comfortable majority in the Lok Sabha elections 2019.  The benchmark Sensex and Nifty could gain between 1 per cent and 2 per cent on Monday, said market players, adding that the gains will be capped as investors will wait for the actual outcome due later during the week (May 23). 

The benchmark Sensex on Friday had posted its second-biggest single-day gain of 2019, ahead of the exit polls in anticipation of a favourable poll outcome. The Sensex had ended at 37,931, up