Exit polls have been inaccurate in past elections, betting on them risky

Narendra Modi

Indian shares soared 3.75 percent on Monday - the biggest jump in almost six years - as markets greeted exit polls indicating conservative Prime Minister Narendra Modi secured a new term in a general election.

BJP national vice president Baijayant Jay Panda said the exit polls survey clearly indicated that Narendra Modi will once again become the Prime Minister and the BJP-led NDA will form the government at the Centre.

Modi's BJP-led National Democratic Alliance (NDA) is projected to win anything between 339-365 seats in the 545-member lower house of parliament with the Congress-led opposition alliance getting only 77 to 108, an exit poll from India Today Axis showed on Sunday.

Riding the exit poll projections that mostly point to the return of the BJP-led NDA government, the benchmark Sensex at the Bombay Stock Exchange jumped 1,421.9 points or 3.75 per cent Monday.

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Odisha's popular TV channel OTV too had prepared its own exit poll.

Congress may have won over the heartland, the BJP-ruled states during the State Elections but those same states - Rajasthan, Madhya Pradesh, and Chattisgarh - are now singing Modi's tune when its comes down to the exit polls of the General Election 2019. But if the polls are wrong, he may need outside help to form government.

Communist Party of India- Marxist (CPI-M) leader and Kerala Chief Minister Pinarayi Vijayan dismissed the exit polls, saying they could go wrong and added that the CPI-M-led Left was going to win big in the state. Of Bengal's 42 seats, CVoter-Republic and ABP-Nielsen have given 11 and 16 seats, respectively, to the BJP, a big improvement on its tally of 2 in 2014. The official Congress briefing by party leaders, which had understandably been a regular feature during the five long weeks of the bitterly fought Lok Sabha polls, was not held either. In contrast, the BJP-led NDA won 336 seats in 2014, as against 60 of the main opposition Congress party-led United Progressive Alliance (UPA) that is projecting Rahul Gandhi as its prime minister candidate.

Gandhi, 48, attacked Modi over alleged corruption in a French defence deal and the plight of farmers, as well as on the economy.

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Hostilities spilt over again on the final day of voting.

An improvised bomb was thrown at one Kolkata polling station and security forces intervened to stop supporters of the BJP, communists and other parties from blockading voting booths across the state capital.

"My dear Congress workers, sisters and brothers".

Much of the cash was spent on social media, where the parties used armies of "cyber warriors" to bombard India's Facebook and WhatsApp users with messages.

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