Indian shares witnessed a record rally on Monday boosted by exit polls of the 2019 general elections, most of which projected a comfortable win for the Narendra Modi government. A News18-Ipsos poll projected NDA to win 336 seats out of the total 543 Lok Sabha seats and only 82 seats to Congress-led United Progressive Alliance. The BSE Sensex rose 1,421.90 points, or 3.75 percent, to settle at 39,352.67. The Nifty 50 surged 421.10 points, or 3.69 percent, to close at 11,828.25.

Share Market Live

NSE

Final results of the general elections will be announced on May 23.

Analysts believe that markets will continue to trade in the green, but gains will be limited as the focus will shift to fundamentals and economic challenges in Indian and globally. Motilal Oswal said, “Assuming, no material change in actual results vs. the exit poll predictions, we expect the market’s focus to revert to fundamentals post the election and government formation. Progress of monsoon, trends in rural consumption and events in debt market will be key near-term monitorables, in our view.”

Following the exit polls, here are the top largecap stocks recommended by Motilal Oswal:

ICICI Bank Ltd

: The stock rose 4.62 percent on Monday to Rs 407.70 per share. ICICI Bank shares rose 13.20 percent so far in 2019 and 42.50 percent in last one year.

State Bank of India: SBI shares settled 7.97 percent up at Rs 344.70 per share today. The stock price rose 44.32 percent so far in 2019 and 16.49 percent in last one year.

Maruti Suzuki India: The company’s shares jumped 5.63 percent to Rs 7,084.60 per share today. The stock price fell 16.76 percent so far in 2019 and was down 5.10 percent in last one year.

Ultratech Cement: The stock closed 6.26 percent higher at Rs 4,774.20 per share today. The stock price advanced 23.72 percent so far in 2019 and was up 9.63 percent in last one year.

Larsen and Toubro: L&T shares gained 6.58 percent to settle at Rs 1,451.45 per share today. The stock rose 10.33 percent so far in 2019 and was up 0.97 percent in last one year.

Titan: The company’s stock price settled 3.45 percent higher at Rs 1,231.65 per share today. Titan shares rose 31.3 percent so far in 2019 and were up 32.29 percent in last one year.

Bharti Airtel: The stock was up 3.55 percent today at Rs 340.10 per share. Titan shares added 2.39 percent so far in 2019 and were up 18.39 percent in last one year.

Coal India: The stock was up marginally by 0.66 percent at Rs 237.70 per share today. Coal India shares declined 10.91 percent so far in 2019 and were down 1.27 percent in last one year.

Infosys: The IT major’s stock today fell 0.21 percent to close at Rs 722.40 per share. So far this year, Infosys shares rose 22.11 percent, while they added 9.63 percent in last one year.

HDFC Life: The company’s shares ended 3.79 percent up at Rs 397.05 per share. HDFC Life shares lost 19.62 percent so far in 2019, however, they rose 2.56 percent in last one year.

Disclaimer: CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

First Published:May 20, 2019 11:11 PM IST