Counting of votes for the assembly elections in Maharashtra is taking place on 23 November. Voting for 288 assembly seats in the state was held on November 20. Maharashtra plays an important role in the country’s GDP and the political movements taking place in the state impact the economy as well as the domestic stock market. Mahayuti coalition government seems to be formed in Maharashtra. In such a situation, its effect can be seen on the stock market on Monday i.e. 25th November. Experts have suggested betting on these shares. Let us know which segment and which shares can be bought on Monday i.e. 25th November.
Impact of Maharashtra elections on stock market
After the recent Lok Sabha elections, there was a stir in the domestic stock market. However, investors avoided the market and invested in shares of FMGC and pharma sector. Experts believe that this trend may change after the results of Maharashtra Assembly elections and investors can invest in shares of railway, infra and banking sectors.
It is almost certain that a Mahayuti government will be formed in the state. In such a situation, investors are hopeful that with the presence of BJP in the government at the Center and the state, work will be done in the fields of railways, banking and infrastructure. Because the Government of India and the State Government of Maharashtra have given special focus on the infrastructure segment and the companies in the infra sector will take credit lines from the banks, hence, when the market opens on Monday, a rise can be seen in the banking stocks as well as infra and railway stocks. Is.
You can bet on these shares
According to experts, among the railway sector shares, shares of RVNL, IRFC, Railtel, and IRCON International can be bought on Monday. At the same time, bets can be placed on Larsen & Turbo for medium and long term investment in the infra sector. Apart from this, shares of government banks like SBI, Canara and Jammu and Kashmir Bank can be purchased. At the same time, you can buy shares of private sector banks like ICICI Bank and HDFC Bank.
Disclaimer The advice or views given on TV9 Bharatvarsha are the personal views of the experts. Before investing, you must take the advice of your financial advisor.