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Assembly Election Results 2023, Stock Markets: Effect of Assembly Election Results.. How will the stock market be today? – 5 states assembly election results 2023 how will the stock market react

December 4, 2023

Stock Markets: Assembly election results are out. Bharatiya Janata Party (BJP) won in three states. BJP is going to form government with full majority in Rajasthan, Madhya Pradesh and Chhattisgarh. In Telangana, the Congress party has won the victory. Results will be declared in another state today. As this election is being considered as a semi-final for the 2024 general elections, this situation is considered positive for the BJP. In such situations the stock market definitely reacts to such big events in the country. Equity market experts are of the opinion that the coming period is going to be positive for the market. But how is the stock market going to be on Monday? Let's find out.

Today the stock market ended the last week in gains. Market experts predict that the same trend may continue or stagnate. However, many feel that it is impossible to say exactly what will happen. The last election conditions are also said to be the reason for this. In the past, the market has adopted a mixed stance. Let us find out how the market situation has reacted after the last 4 elections held in these states.

Elections were last held in 2018 in the four states where results were declared on Sunday. In that election, Congress formed government with majority in Chhattisgarh, Rajasthan and Madhya Pradesh. BRS formed the government in Telangana and Mizoram National Front (MNF) formed the government in Mizoram. Seeing the election as a semi-final before the 2019 Lok Sabha, the BJP's defeat led to a nearly 500-point fall in the Sensex. By the time the market closed on the same day, it recovered from the fall and rose nearly 190 points to close at Rs.35,150.

Telangana was not formed until 2013. At that time elections were held in Delhi along with four states. The results were released on December 8 that year. Counting was held in Mizoram a day later on December 9. The same is happening this time too. BJP formed government in three big states of Madhya Pradesh, Rajasthan and Chhattisgarh, but then BJP could not get majority in Delhi. Congress came to power after 15 years. The next day, Monday, December 9, saw a strong rally in the stock market, with the Sensex gaining 329.89 points (1.57%) to close at 21,326.42.

What are the conditions today?
No one can predict exactly what will happen in the stock market. Market experts predict that the market will increase if we look at the situation of state governments formed with majority. After this success, all the small investors can feel that there will be a rise in the market. They all try to make money by taking positive trades. But to exclude small investors, operators, big players market may be contrary to common perception.. market may fall.