Lok Sabha election results 2024: Voters gave a fractured mandate in the 2024 general elections, which threw a negative surprise for the Indian stock market. Domestic equity benchmarks Sensex and Nifty 50 cracked more than six per cent during the vote count. The failure of the Bharatiya Janata Party (BJP) to secure an absolute majority in the lower house of the parliament, as predicted by most exit polls, spooked investors with concerns over policy continuity.
The market had priced in an overwhelming majority for the BJP and the ruling National Democratic Alliance (NDA) alliance.
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Published: 05 Jun 2024, 09:45 PM IST
