“We would expect 2-2.5 per cent correction tomorrow morning, but the markets should stabilise by the close”, Equities Equirus Securities Head Pankaj Sharma said, adding that there is not likely to be a knee-jerk reaction though because the possibility of the BJP not winning was partially priced in when the market corrected last week. “If the party thinks my utility is there, then I am with my party…to strengthen the hands of our prime minister, our dashing and dynamic Narendra Modi”.
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The official date for the swearing-in ceremony for the new government would be announced only on November 14, Mr Kumar said. The split ended a 17-year old alliance between the BJP and the JD (U). “You stored “Bihari Babu” away from Bihar, whilst he had predicted the writings on the wall”, stated Sinha.
All this was possible because Nitish Kumar “did not make tall or false claims”, he carried the people with him, he did not show off money power or misuse government machinery and poor people of Bihar voted for his honest face.
“I can’t say how much difference it could have been, but I can definitely say… we could have definitely got more seats that what we got”, he said. Four to eight seats could go to other parties.
The present Grand Alliance garnered 42% vote share in the 2015 assembly election and won 178 seats.
The Times Now-CVoter survey gave 122 seats to the Grand Alliance and 111 to the NDA.
Factor 4: Declining Vote Share Of BJPThe vote share of the BJP in states increased in the run-up to the Lok Sabha elections (2013 to 2014).
“Thereafter, the party had success in assembly elections of Jharkhand, Haryana, Maharashtra and Jammu and Kashmir”.
The BJP at the moment slammed the actor-politician and stated that he doesn’t have any position within the party’s defeat within the Bihar Assembly polls. Nitish Kumar and Lalu Prasad, deciding not to contest the election, travelled to nearly every constituency in the state, with both of them crossing the mark of 200 rallies, according to reports.
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Modi and a dozen senior colleagues of his Hindu nationalist party, including its president Amit Shah, Finance Minister Arun Jaitley and Home Minister Rajnath Singh, gathered at the party’s offices to analyse the reasons for the defeat.
