Indian Stock Market Intraday Trading Tips

India’s main stock indexes could shoot up or slide 5% to 10% depending on whether the early predictions point to a solid or unstable coalition taking over in New Delhi. Stocks have already been rising in anticipation of the exit polls results, with the benchmark S&P BSE Sensex up 1.3% early Monday.

After strengthening to a 10-month high in intra-day trading on Monday, the Indian rupee erased all its gain and ended marginally lower, ahead of the release of industrial output, consumer inflation data and exit poll predictions.

However, projections for a majority reinforce market expectations. The benchmark BSE index rose as much as 1.57 percent to a record high of 23,921.91 while the broader NSE index surged 1.45 percent to record high of 7116.20.

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