Lok Sabha Result 2024: The Lok Sabha election outcomes are nearly clear at this point. The results of all 543 seats have been announced by the Election Commission. To form the government, though, the NDA has an absolute majority. The India Alliance is thought to be capable of making a sincere effort to form the government. It will be interesting to watch which way the tide goes, though. We will discuss how people appreciated PM Modi‘s visage for the third time in this article today.
NDA Secures Majority Amid Uncertain Election Outcomes
According to the Election Commission’s data, the Indian public has fully endorsed the NDA and shown their confidence in Prime Minister Modi for a record third time. Gaining a majority for the third time, in the opinion of many political analysts, is a noteworthy accomplishment for the BJP and the NDA. We say this because This will be the second time that a government will come to power for the third consecutive time. In terms of numbers, the NDA currently holds 292 seats. Which is sufficient to form and run the government smoothly.
A Decade of Significant Decisions Under PM Modi’s Leadership
It is important to remember that the BJP and NDA achieved huge victories in 2014 and 2019. The NDA has the requisite absolute majority to form the government once more. Over the past ten years, the Modi administration has made a number of significant judgments, which gave PM Modi the mandate to become the Prime Minister for the third time by approving a number of decisions, such as the removal of Article 370 from Jammu and Kashmir, Triple Talaq Ban, and the construction of the Ram temple.
Sensex and Nifty Rebound by Market Close
On Tuesday, during Lok Sabha election results, there was a significant turbulence in the stock market. In the meantime, the 30-share Sensex on the Bombay Stock Exchange fell by about 6000 points. The Nifty 50 index of the National Stock Exchange fell by 1900 points at the same period.
But by the time the market closed, there had been a roughly 2000 point comeback. The Sensex and Nifty indexes both began trading on the positive note today as the market opened higher. The Nifty opened with a gain of 170.20 points, while the Sensex opened at 72,751, up 672.84 points, or 0.93 percent, at the same time the market opened at 9.15 am.
There was some fluctuation following the initial stock market surge, but But as soon as the election results came, a huge surge was seen in the market. The market was picking up storm force once more. The BSE Sensex surged 1,701.97 points, or 2.45 percent, to trade at the level of 73,800.15, while the NSE Nifty rose 530.85 points, or 3.43 percent, to trade at 22,415.35.
It is expected that just like Prime Minister Narendra Modi fulfilled the promises made during his last tenure, this time too he will live up to everyone’s expectations.