Home / Markets / News / Markets pricing NDA win in LS polls; eyeing budget proposals now: Analysts

Markets pricing NDA win in LS polls; eyeing budget proposals now: Analysts

The NDA, experts believe, already had a big boost ahead of the 2024 national elections in Dec 2023, winning assembly elections in three key states (Rajasthan, Madhya Pradesh and Chhattisgarh)

Premium

ILLUSTRATION: AJAY MOHANTY

Puneet Wadhwa New Delhi

4 min read Last Updated : Mar 19 2024 | 12:05 AM IST

Listen to This Article

The markets are already pricing in a victory for the Narendra Modi-led National Democratic Alliance (NDA) in the upcoming general elections, and expect the alliance to achieve its 400-seat target, suggest analysts.

More than the outcome of the elections, the markets, analysts believe, are eyeing the (full) Union Budget proposals for fiscal 2024 – 25 (FY25) that the new government is likely to present in June/July this year.

ALSO READ: Election Commission makes fresh electoral bonds data public: See full list

The election outcome, said Christopher Wood, global head of equity strategy at Jefferies, is no longer 'far-fetched'

Topics : Narendra Modi Election Commission of India Lok Sabha elections Indian elections stock market trading Indian equity markets Markets Sensex Nifty market valuation Nifty50 CHRISTOPHER WOOD BJP Congress

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in