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The markets are already pricing in a victory for the Narendra Modi-led National Democratic Alliance (NDA) in the upcoming general elections later this year, and expect the alliance to achieve its 400-seat target, suggest market analysts.
The BJP, analysts said, already had a big boost ahead of the 2024 national elections in December 2023 itself, winning assembly elections in three key states (Rajasthan, Madhya Pradesh, Chhattisgarh), while Congress won Telangana.
“The 400-seat target for the NDA (in the general elections) now seems to be par for the course, and the markets are already pricing this in. There is not much
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