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The stock market is also keeping an eye on the results of Bengal elections.

On Wednesday, the second or rather the last phase of voting of Bengal elections was also completed. Exit polls will also be revealed in some time. The special thing is that Bengal elections are being considered the most important election after the Lok Sabha elections 2024. There is a reason for this also. This time BJP is facing competition from Mamata Banerjee. Mamata Banerjee has had absolute rule in Bengal for the last 15 years. This time it is believed that there will be a tough contest between BJP and TMC. This is also the reason why stock market investors will also keep an eye on the election results.

If stock market experts are to be believed, investors are as curious about the results of the Lok Sabha elections as they are about the results of the Bengal elections. Stock market experts are of the opinion that if BJP comes to power in Bengal for the first time, then a tremendous increase can be seen in the stock market. This means that the Sensex may be seen going near 81,500 in one stroke.

On the other hand, if Mamata Banerjee returns to Bengal, the Sensex will once again be seen slipping towards 76 thousand or below. If no one is able to get an absolute majority in the results, then the level of Sensex can slip up to 73,500 points. Let us also tell you how the stock market can react based on the Bengal election results?

If BJP comes to power

According to stock market expert Anuj Gupta, if on the day of Bengal election results, BJP is seen coming to power with full majority, then the stock market may see a rise of up to 5 percent on that day. This means that if the Sensex is currently at 77,496.36 points, then an increase of 3,800 to 4,000 points can be seen from the current level. This means that the Sensex data may be visible from 81,300 to 81,500 points. According to experts, the strong sentiment in the stock market is inclined towards BJP coming to power. Because of which such estimates have been made.

If TMC comes to power again

There is also another scenario of the stock market on the day of results. That is TMC returning to power again. Then how will the stock market react? Anuj Gupta believes that TMC will not be as strong as last time. Its seats may be reduced. In such a situation, if TMC is still seen returning to power in the results, then a decline of 2 to 3 percent can be seen in the stock market. This means that from the current level a fall of 1,550 to 1,700 points may be seen in the Sensex. That means Sensex may once again appear in the range of 75,500 points.

If no one gets absolute majority

A scenario may appear on the day of results. If Congress and CPI appear to be performing slightly better and are successful in stopping both BJP and TMC from crossing the absolute majority mark, then there could be major upheaval in the stock market. According to Anuj Gupta, if any party does not come to power, the stock market can fall even 5 percent. This means that from the current level the Sensex may fall by 3,800 to 4,000 points. That means Sensex may be seen coming down from 74,000 to 73,500. As was seen on the day of Lok Sabha election results. BJP did not get full majority and a decline of about 9 percent was seen in the stock market.

Presently stock market

Domestic markets closed higher on Wednesday in volatile trading amid strength in Asian markets and buying in daily-use goods manufacturing companies, automobile and telecom stocks. BSE Sensex closed with a gain of 609 points while NSE Nifty gained 182 points. BSE's 30-share benchmark index Sensex closed at 77,496.36 points, jumping 609.45 points or 0.79 percent. At one time during trading it had climbed up to 1,095.6 points. At the same time, NSE's 50-share standard index Nifty rose by 181.95 points or 0.76 percent to reach 24,177.65 points.

Among the companies included in the Sensex group, shares of ITC Limited, Tech Mahindra, Maruti Suzuki, Reliance Industries, Bharti Airtel and Mahindra & Mahindra closed higher. On the other hand, a decline was seen in the shares of InterGlobe Aviation, NTPC, Bajaj Finserv and ICICI Bank. Shares of leading automobile manufacturer Maruti Suzuki closed 2.82 percent higher after positive results. The company has registered a record annual net profit of Rs 14,679.5 crore in the financial year 2025-26.

Saurabh Sharma

Covering stock market, economy and commodities for 15 years. Before joining TV9, he was also associated with many big organizations like DNA, A-Shiyanet, Jansatta and Rajasthan Patrika.

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