BJP's Delhi win 2025 to boost metals, banking & Adani stocks: Experts

Following the Bhartiya Janata Party's (BJP) resounding victory in the Delhi Assembly Elections 2025, financial analysts predict a positive opening for the Indian stock market when trading resumes on Monday. Experts suggest that sectors such as metals, banking, and Adani group shares could experience increased buying activity.

Boost for 'Brand Modi' and Market Optimism

Avinash Gorakshkar, Head of Research at Profitmart Securities, noted that BJP's strong performance across recent assembly elections, including the capture of states like Chhattisgarh and Rajasthan from the Indian National Congress (INC), has bolstered 'Brand Modi.' With the Delhi victory, the BJP is set to govern the capital after over two decades, leading Gorakshkar to anticipate a gap-up opening in the markets. However, he cautioned that it remains uncertain whether this initial optimism will hold throughout the trading day.

Global Influences Remain Crucial

Anshul Jain, Head of Research at Lakshmishree Investment and Securities, echoed these sentiments, suggesting that while the market may open positively after last week’s losses, traders should remain cautious. Jain highlighted that global factors—such as U.S. tariff announcements and geopolitical tensions in the Middle East—will continue to influence market movements.

Adani Shares Poised for Gains

Jain also forecasted potential gains for Adani group stocks, citing historical trends where favorable political outcomes for the BJP led to increased buying in Adani shares. The trend is expected to persist following the Delhi election results.

Key Market Levels to Watch

Technical analysts have identified crucial levels for major indices. Shiju Koothupalakkal of Prabhudas Lilladher emphasized that the Nifty 50 needs to decisively break above the 23,800 mark to ignite a new upward trajectory, aiming for targets of 24,100 and 24,600, while maintaining 23,000 as a critical support level. For Bank Nifty, the range of 49,700 to 50,900 is pivotal, with a significant resistance at the 50,900 level, corresponding to the 200-period moving average.

Investor Caution Advised

Despite the expected optimism, experts urge investors to exercise caution and seek advice from certified financial planners before making decisions, as market conditions are subject to rapid changes.

Disclaimer: The opinions expressed in this analysis are those of the respective analysts and brokerage firms. Investors are advised to consult financial advisors before making investment decisions.