look news india
Impact of Lok Sabha election 2024 results on stock market: Amidst the great excitement of the Lok Sabha election results, there was a big reversal in the stock market yesterday. Investors were reminded of the election year 1999 when the BJP failed to win a clear 272 seats till noon. Last night, investors cried after losing capital worth Rs 46 lakh crore.
After BJP won 240 seats, it has become necessary to get the support of allies this time. As a result, funds, traders, investors are afraid of repeating the incident of Vajpayee government falling by one vote after the 1999 elections.
The fall of BJP is a bad sign for the stock market
After the historic rally in stocks, many investors fear a repeat of the same scenario that saw the Atal Bihari Vajpayee government fall by one vote after the 1999 elections and the Sensex fall by 15 per cent after the fall of the BJP government in 2004.
There is concern that the Prime Minister cannot lead
Along with this, some sections of the market were also worried about the possibility that even if the BJP-NDA government is formed, Modi will stay away from leading this faltering government and will choose a new leader as the Prime Minister. Due to which there is an uproar in the stock market.
In which, in case RSS chose Nitin Gadkari or someone else as the new leader, funds, investors saw the economy and market equations changing, leading to an all-round hit on stocks.
