Growing chatter on social media and betting trends in the unofficial satta bazaar suggesting that the BJP’s final seat tally could be lower than anticipated has made investors nervous
The Bharatiya Janata Party (BJP) is not the only one feeling jittery after poor voter turnout in the first three phases of the general election. On May 9, India’s stock markets dropped as Dalal Street caught whiff of the party’s nervousness.
India’s stock benchmarks dropped 1.5% on May 9 — one of the biggest single-day drops in 2024 so far — amid a perception that the BJP may not get as many seats as projected earlier, prompting investors to cut some of their bets.
India’s stock benchmarks dropped 1.5% on May 9 — one of the biggest single-day drops in 2024 so far — amid a perception that the BJP may not get as many seats as projected earlier, prompting investors to cut some of their bets.