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Exit polls were to boost stock market, disrupt opposition

Press Trust of India  |  Hyderabad 

Senior M Veerappa Moily Wednesday alleged exit polls that predicted return of the NDA government at the Centre were aimed at boosting investor sentiment on the stock market and "disrupting" opposition unity.

The former Union said he strongly felt that those exit polls do not reflect the reality on the ground, and claimed that some agencies who have conducted them have now "backed out" saying "there are full of errors".

"It (exit polls predicting second term for the Modi government) must have been done with some ulterior motive. Number one is to project the stock market...people have gained between Rs 4.5 lakh crore to Rs five lakh crore"", he said.

He was referring to investor wealth soaring by more than Rs 5.33 lakh crore as the benchmark BSE Sensex sprinted more than 1,422 points Monday after exit polls predicted a return of the NDA government led by the BJP.

"And another (reason for such exit polls) is to disrupt the opposition unity. That they have not succeeded. Tomorrow (counting day), it will not be a surprise if opposition unity springs out with a majority", Moily told

Asked if unity efforts of "disparate" non-BJP, non-NDA parties would work, the former Karnataka Chief said: "Sometimes it works because the common enemy is Modi and BJP. Because during all of them have suffered because of BJP's excesses. So, I don't think they can go with BJP".

On the "contentious" issue of choosing Prime Ministerial candidate in the event of opposition mustering the numbers to form Government, he said, "I don't think there is much difficulty in choosing PM from the opposition".

"We would like to react only tomorrow (after the results are declared)", Moily said when asked if the would not insist on the post of

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 22 2019. 12:56 IST
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