weather_iconAshburn | -2.01 °C | AQI 46
Wednesday, 12 February, 2025

---Advertisement---

Business

Stock Market Soars After Exit Polls Predict Big BJP Win

In the Nifty index, all stocks showed gains, with Reliance Industries Limited, ICICI Bank, and HDFC Bank being the top contributors.

The stock market surged significantly in early trading, buoyed by expectations of political stability as forecasted by exit polls. The 30-share Sensex surged by almost 2,500 points this morning, and the 50-stock Nifty recorded its largest increase in four years at market opening.

Both the Sensex and Nifty, the indices of the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) respectively, reached their highest levels today. All stocks in both the Sensex and Nifty are currently showing gains, with Reliance Industries Limited, ICICI Bank, and HDFC Bank leading as the top contributors.

---Advertisement---

In pre-market trading, the Nifty surged over 800 points, or 3.58%, to reach 23,227.90, while the Sensex jumped by 2,621.98 points, or 3.55%, to 76,583.29.

Also Read: Gautam Adani Regains Top Spot, Overtakes Mukesh Ambani On Bloomberg Billionaires Index After 16 Months

---Advertisement---

An aggregate of 12 exit polls on Saturday predicted that the BJP will return to power, with the ruling NDA alliance expected to secure 365 seats. In India, a party or alliance needs at least 272 seats to form a government. Analysts note that the market typically favors political stability, as a change in government often introduces volatility in the stock market.

The exit polls have also predicted that the BJP is poised to make significant gains in Kerala and Tamil Nadu in the south, and to make substantial gains in Odisha and Bengal in the east. However, it’s important to note that exit polls come with a health warning: they do not always accurately predict the final election results.

While the BJP has welcomed the exit poll predictions, the Opposition has dismissed them, asserting that the picture on counting day will be entirely different. After a meeting of Opposition leaders from the INDIA bloc, Congress chief Mallikarjun Kharge stated on Saturday that the bloc expects to win at least 295 seats out of the total 543.

Also Read: Budget-Friendly Dining: Burger King Launches $5 Meal Deal For Cost-Conscious Diners

HISTORY

Written By

Aniket Raj


Get Breaking News First and Latest Updates from India and around the world on News24. Follow News24 on Facebook, Twitter.

Related Story

Live News

---Advertisement---


live

Maha Kumbh 2025 LIVE: Belgian Tourist Calls Mela ‘The Best Place In The World’

Feb 12, 2025
Maha Kumbh 2025 LIVE
  • 09:15 (IST) 12 Feb 2025

    'Pushp Varsha' On Pilgrims Gathered At Triveni Sangam On Maghi Purnima

N24 Shorts Logo

SHORTS

India's predicted playing XI for 3rd ODI
Cricket

IND Vs ENG: India’s Predicted PLAYING XI! Rishabh Pant IN, Two Big Changes In Squad

The 3rd ODI between India and England will be played at the Narendra Modi Stadium, Ahmedabad.

View All Shorts

---Advertisement---

Trending