Amid the initial numbers indicating a mixed results for the Lok Sabha Elections 2024, the opposition said that the Exit Poll, showing landslide vistory for BJP, was done to influence the share market.
As per trends emerging on the voting count day, the BJP-led NDA is poised to return to power but with a weaker majority compared to last two elections. BJP has inched closer to the 300-mark according to the latest trends.
However, the Exit Polls predicted very different numbers with many agencies giving a clean sweep for the BJP-led National Democratic Alliance and forecasted that the ruling alliance would win 300-350 seats. The predictions for the Opposition INDIA bloc remain restricted to 120-150 seats.
Speaking on the contrast in the exit poll prediction and the actual result numbers, CPI(M) General Secretary Sitaram Yechury said, “Exit poll was done to influence the share market and those who wanted to make money in the share market yesterday made money. Now the reality is coming in front of you.”
“Now let the full results come, after that, we will tell you…INDIA alliance is doing well,” he added.
The Stock Market has witnessed bloodbath since morning. After the exit poll prediction, the market jumped to record highs on Monday.
As of 12 noon on Tuesday, the Sensex continues its downward trend, down by 4470.38 points, trading at 71,998.40.
India Volatility Index (VIX), has advanced 30% in the session after tanking 15%. INDIA VIX has inched 7.21 points, or 34.38% higher at 28.17.
Most PSU stocks are under free fall after trends suggest BJP may fall below 272 seats.
As per trends emerging on the voting count day, the BJP-led NDA is poised to return to power, despite getting a weaker majority. BJP has inched closer to the 300-mark.
The INDIA bloc has put up a stiff contest this time, leading in at least 230 seats. The BJP on its own is expected to gain around 230-240 seats, the trends showed.
