April 26, 2025 04:13 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'We are with you as you hunt down those responsible': US spy chief Tulsi Gabbard tells PM Modi on Pahalgam massacre | Centre defends Waqf laws in Supreme Court, says it would oppose any interim stay | Why was there no military deployment at Pahalgam? Opposition raises tough questions, Centre responds | Jammu and Kashmir: Top LeT commander Altaf Lalli killed during Bandipora encounter | Supreme Court warns Rahul Gandhi over his remarks against Veer Savarkar | Supreme Court warns Rahul Gandhi over his remarks against Veer Savarkar | Medha Patkar arrested in 24-year-old defamation case by Delhi L-G VK Saxena | J&K: Houses of two local LeT terrorists involved in Pahalgam terror attack demolished | Pakistan opens fire along LoC, Indian Army retaliates amid ongoing tension over Jammu and Kashmir terror attack | 'Full support to govt for any action': Rahul Gandhi after all-party meet on Pahalgam massacre

Assembly poll results encourage market

| | Dec 23, 2014, at 09:55 pm
Market had given positive momentum again from its major psychological support level of 8000 after showing correction from its life time highs as a result of lack of interest in buying from FII and weak global cues.

Today Nifty has given flat opening and traded in green in early half of the market session in expectation of positive poll result outcome for BJP and registered a high of 8370.95; but from the current polling scenario it has become clear that BJP may form government in Jharkhand State having a lead of 39 seats from a total of 81. Congress could snatch only 7 seats.

While in Jammu & Kashmir PDP party is leading with 31 seats out of total of 87 seats, Poll estimates are indicating that there can be close fight between PDP and BJP in J&K state. Nifty corrected from the day's high and is now trading below the level of 8300 with the net change of -56 points. Higher volatility is expected in the market till the time market participants do not get any clear picture on the poll results.

If the outcome comes in favor for the BJP then it will result in better implementation of new initiatives as there will be same ruling party at the State level and central level for the concerned states. As Jharkhand is a state with full of natural resources so it will be a positive factor for the companies of Metal and Energy sector. While in the J&K it will be a tough task for the new government as now everything is on halt due to the recent destruction by flood in the area, so putting everything on track in J&K will be the major task.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
PM Modi on Budget 2024 Jul 23, 2024, at 09:30 pm
Close menu