A day before the results, the Sensex surged

The domestic equity index opened at a record high today, on the back of exit polls predicting the return of Prime Minister Narendra Modi-led NDA government. Analysts said the expected FY24 GDP was better than 8.2 percent and S&P’s revision of India’s rating outlook to positive from stable also cheered the market. The BSE Sensex crossed the 76,500 mark for the first time on Monday. The 30-share index opened up 2,621.98 points or 3.55 percent at 76,583.29. The Nifty opened at a record high of 23.337.9, up 807.2 points or 3.58%. Read more

How can BJP break South Garh?

If we go by the exit polls, it certainly looks a positive picture for the BJP-led NDA in the south. According to exit polls, the BJP, which is trying to gain a foothold in the south, is set to perform strongly in Karnataka and Andhra Pradesh, and will make significant gains in Telangana and Tamil Nadu. While the overall exit polls indicate a big lead for the DMK-led All India Alliance in Tamil Nadu, giving it 33-39 seats out of a total of 39 – as expected – the BJP gives four odd seats. The National Party did not win a single seat in Tamil Nadu in the 2019 Lok Sabha elections. Karnataka may be surprised if the BJP repeats its dominance of 2019, when it won 27 out of 28 seats, given the scale of the Congress’s victory in last year’s state assembly elections even in Telangana. It would be surprising, if the exit polls are right, given that the BJP has never been a major player here. Read more

How BJP is preparing for the weekend events.

Confident of a landslide victory, as predicted by exit polls, apart from the official swearing-in ceremony of the new government, the BJP is planning a “political function”, likely over the weekend. To be determined. Sources said preparations for the swearing-in ceremony at Rashtrapati Bhavan had begun last week. According to sources, the Central Public Works Department is already working on this programme. Sources said the “political function” is likely to be held at the Bharat Mandapam or Kartuya Path on the same day as the official swearing-in. It is being themed as an exhibition of “Cultural Heritage of India”, with a possible sound and light show. It is expected to be attended by 8,000-10,000 people, including “representatives of foreign governments”. Read more

Why is the 400 par rare, having only happened once?

A few hours from now, we will finally know how close the BJP or the NDA gets to its set target of “400-par” seats. In India’s electoral history, a party has surpassed this figure only once, when the Congress won 414 seats (out of 541 polled) in the Lok Sabha elections held after Indira Gandhi’s assassination. Even in the early post-independence years, when the Congress was the dominant party, its tally was more modest – between 1951-52 and 1977, the party’s highest number of seats was 371 in 1957, while it In 1951, it won more than 300 seats. 52, 1957, 1962 and 1971. In the post-Emergency elections of 1977, the Congress won only 154 seats. By 1980, it was back to 353 seats. Read more To find out why it is so difficult to cross the 400 mark.

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