Have the stock markets got wind of exit poll results? Is today’s stock market rally caused by leaked exit poll results?
Some dealers and traders believe so.
The BSE Sensex ended the day up 693 points at a record high of 23,037. The Nifty too was up 3% at 6866 points.
According to market participants, some traders seem to have got tip offs on what seemed to be exit poll results, and have decided to take a position based on that.
“We don’t know how reliable the information is, there are lots of numbers doing the rounds,” said a dealer.
It may be noted that the crucial penultimate phase of the polls got over yesterday.
Exit polls are being conducted by various agencies on behalf of various TV channels.
Their results will be released on Monday evening.
According to election commission rules, exit poll results cannot be announced before the final vote has been cast.