Following the 2024 Lok Sabha election results, Indian benchmark indices opened on a subdued note, despite initially trading in the green. The Bharatiya Janata Party (BJP) emerged as the single largest party in parliament, with its coalition National Democratic Alliance (NDA) crossing the majority mark of 272 seats.
As of 10 am, the Sensex was up 64.58 points, or 0.09%, at 72,143.63, while the Nifty rose by 28.65 points, or 0.13%, to reach 21,913.15. The market reaction appeared cautious, reflecting investors’ assessments of the election outcome and its potential impact on economic policies and reforms.
Investors are closely monitoring developments post-election, including the formation of the new government and its policy direction. Market movements may remain volatile in the short term as clarity emerges regarding the government’s priorities and agenda.
Overall, the election results have set the stage for a period of political stability, with implications for the country’s economic trajectory and investor sentiment.
