Election Results 2024

Election Results 2024; Nifty50 is down more than 1600 points and Sensex is down more than 4500 points amidst election results. Currently, NDA is getting around 297 seats while INDIA alliance is getting around 227 seats and 20 seats are going to Others.

After the Exit Polls Market went shooting like a rocket but now that the results are almost out Stock market isn’t performing as people were expecting. Why is the stock market falling.?

Why stock Market Falling; Election results 2024

There are multiple reasons behind this fall but a few have been listed below;

Privatisation; after the exit polls and opinion polls Market rocketed. People bought like crazy after seeing the exit poll results. The Long-term expectation with the election results and policy-making afterwards was the Privatisation of many profit-making banks and PSU.

If BJP had won 350+ seats with its own strength, as announced they would have gone for the privatisation of many PSB and PSUs but now though NDA is getting the majority the way to privatisation wouldn’t be that simple.

Opposition has gotten enough seats that they can and will become hurdles not only in policy-making but also in making Government.

coalition Government; Election results 2024 clearly show that the BJP isn’t getting enough seats to make government without anyone’s support. BJP’s favourite alliance goes to Nitish Kumar, TDP and a few other regional parties who are not that loyal to BJP.

An unstable Government is always a problem for good and business-loving policymaking.

Adani Group Share; If are monitoring the market you can see that Adani Group and similar shares are falling the most. The reason behind it is these companies are directly supported by BJP and if they lose these companies are gonna suffer the most.

So, as the election results in 2024 are getting clear people are pulling their funds out of these. FII has already selling since January this year.

Though there are a few more reasons behind today’s fall these 3 are the major ones.

Election Results Chart

Here is Your Election results chart

What to do now.?

The Stock Market has already been too volatile ever since the election was announced but now that its the result day it has become a rollercoaster. what to do in this situation.?

I would say Hold on to your position for now and just don’t buy or sell anything at this time. Hedge your investment if you can and sit tight. Political instability can seriously harm and direct the stock market’s path but if you sit quietly you can hedge against this situation.

Before changing or taking any decision you must consult your financial advisor.

conclusion

I have said on multiple occasions that until the election results are announced you must not do any drastic changes to your portfolio.

I have already told you about the reasons for the stock market fall but if you think there’s more to this list of reasons please feel free to comment below. What do You think about whose Government is coming to the centre.? Would Nitish Kumar change his stance again or stay with BJP.?

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