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Mumbai: Indian stock markets rallied on Monday after the <keyword id="20032950" type="General" weightage="20" keywordseo="BJP-led-government" source="keywords">BJP-led government</keyword> secured a majority in the latest state elections in Maharashtra. The <keyword id="20641216" type="General" weightage="100" keywordseo="Nifty-50" source="keywords">Nifty 50</keyword> index gained more than 1.45 per cent or 346.30 points to open at 24,253.55 points, while the BSE <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> index surged 1,076 points or 1.36 percent to open at 80,193.47 points. Experts noted that the election results have an impact on the markets today, and if past trends are followed, the markets may witness some rally amid the return of the BJP in the Maharashtra state elections. <keyword id="20161891" type="General" weightage="20" keywordseo="Ajay-Bagga" source="keywords">Ajay Bagga</keyword> Banking and Market Expert stated that "The just concluded elections in Maharashtra, the results of which were declared on November 23rd, will have a positive immediate impact on the stock markets. The landslide win for the BJP lead coalition in the Maharashtra state elections could lead to a short-term boost to the Indian stock markets which have been in a declining mode" He further added "Investors will interpret this mandate as favourable for the capex and infrastructure push that is ongoing in Maharashtra. The beneficiary sectors of this election are industrials, infrastructure, manufacturing, real estate and financials". In the sectoral indices on the National Stock Exchange, <keyword id="20065014" type="General" weightage="20" keywordseo="Nifty-Realty" source="keywords">Nifty Realty</keyword> and <keyword id="19941314" type="General" weightage="20" keywordseo="Nifty-PSU-Bank" source="keywords">Nifty PSU Bank</keyword> rallied with a surge of more than 2 percent, while other major indices also gained more than 1.5 per cent, including Nifty Metal, Nifty Media, and Nifty Oil &amp; Gas. In the Nifty 50 list, 49 stocks gained during the opening session, while only one stock declined. Shri Finance opened as the top gainer in the Nifty 50. The shares of the AdGroup also surged around 2 percent at the time of filing this report. <keyword id="19967296" type="General" weightage="20" keywordseo="Adani-Green" source="keywords">Adani Green</keyword> also climbed around 4 percent. "We are most likely to break the falling 20-day average that lies at 24,030, which will be the first time that'd happen since the record high of 27th September. Seasonality trends between now and the end of the year have been historically positive, with the Nifty rising 80% of the time during this period with an average return of over 4 per cent" Akshay Chinchalkar, Head of Research, Axis Securities. In other Asian markets, Japan and South Korea indices rallied. The Nikkei 225 index surged more than 1.5 percent, South Korea's Kospi also rose by 1.5 percent, Taiwan's Weighted Index was up by 0.48 percent, while Hong Kong's Hang Seng index was down marginally by 0.14 percent at the time of filing this report.

Nifty, Sensex rallied around 1.5 % after Maharashtra election results, Experts noted short term rally

<keyword id="57783" type="PERSON" weightage="20" keywordseo="Praniti-Shinde">Praniti Shinde</keyword>, daughter of former home Minister <keyword id="46910" type="PERSON" weightage="20" keywordseo="Sushilkumar-Shinde">Sushilkumar Shinde</keyword>, won the Maharashtra Assembly elections from the Solapur constituency by a margin of 12719 votes. She is the sitting MLA from the Solapur constituency and seeking relection. In 2014 Vidhan Sabha election, Shinde defeated AIMIM’s Taufiq and won by 9,000 votes. “I am doing my work by meeting people. It is up to my party if they wish to give me another opportunity,” said Shinde. However, Shinde is facing tough competition from NCP’s Juber Bhagwan — who was given ticket primarily because of pressure from several Muslim organisations. She is also facing tough competition from Vanchit Bahujan Aghadi (VBA) who are expected to secure a larger number of votes from the Muslim community. The Solapur constituency is dominated by Muslims, Dalits and Shindes.

Maharashtra Election Results: Praniti Shinde, the daughter of Sushilkumar Shinde, wins with 12719 votes

NCP winner candidate list for Maharashtra state elections

Congress winner candidate list for Maharashtra state elections

Shiv Sena winner candidate list for Maharashtra state elections

BJP winner candidate list for Maharashtra state elections

Maharashtra State Elections winner and leading candidate list 2019

BJP’s <keyword id="244459" type="PERSON" weightage="20" keywordseo="Parag-Shah">Parag Shah</keyword> won the Haryana vidhan sabha elections from the Ghatkopar East consituency with 53319 margin. He is the richest candidate to be contesting <keyword id="13126" type="LOCATION" weightage="20" keywordseo="Maharashtra">Maharashtra</keyword> state elections from the Ghatkopar East assembly. He declared assets worth ₹500.6 crore. His movable assets are worth ₹422 crore and immovable assets are worth ₹78 crore as per an <a href="https://timesofindia.indiatimes.com/city/mumbai/with-rs-500-crore-bjps-parag-shah-is-maharashtras-richest-contestant/articleshow/71450164.cms">affidavit submitted on Friday</a>. The properties are jointly owned by him and his wife. Shah is a real estate developer who owns and manages two construction companies. One of them is MAN InfraConstruction (MICL), a seven-year-old company which builds premium residential properties in Mumbai suburbs. He himself lives in a 5,710-sq ft bungalow in Thane, valued at ₹15 crore. Parag and his wife Mansi own 10 properties, jewellery worth ₹2.6 crore and a Ferrari California worth ₹2.45 crore. They also have shares which are valued at ₹299 crore. According to his IT returns, his annual income for 2018-2019 is at ₹13.7 crore. Whereas, his wife earned ₹11.4 crore during the same time. Shah’s political career began in two years back when he contested Mumbai civic election. Back then, he claimed to have assets worth ₹690 crore.

BJP’s Parag Shah, the richest candidate in Maharashtra, wins with more than half the vote share in Ghatkopar East

<ul><li>BJP-Sena combine win 161 seats, Congress and allies win 98 and others in 29.</li><li>Sharad Pawar comes back from the shadows to drive his party NCP to better-than-expected performance. </li><li>The seat sharing and negotiations will get tougher after Sena has made its stance of equal sharing, clear.</li></ul>The Bharatiya Janata Party-Sena alliance won 161 seats while the Congress-NCP combine won 98 seats. Independents and other parties managed to win around 29 seats, as per election commission. While the results came as per expected, it did not match the sky high expectations of poll pundits and other experts. A few exit polls even predicted over 225 seats for the BJP combine but NCP make a comeback under the active campaigning of Sharad Pawar who did not contest in this election himself. "Those who have rebelled have not done well," commented Pawar speaking to the media today. The 78 year old put up a tough fight by campaigning extensively even during rains, even as he was being investigated by the Enforcement Directorate. In fact, a large number of MLAs and other assemblymen had quit the party right before the elections. Shiv Sena too won more seats than expected in 48 constituencies. It is now all set to make a significant contribution to the Maharashtra government. "We (Amit Shah and himself) have agreed on a portfolio number and we expect to stick to that," said Uddhav Thackeray speaking to the press today. His son Aaditya Thackeray won his first election in the Worli constituency with over 25,000 vote margin. Sena's better than expected win could cause cracks in the fragile bond between the coalition partners, as Sena might now seek a higher representation in the ministry. Poll analysts believe that Sena might now propose a rotational chief ministership and even the deputy chief minister's post. <table style="border-collapse:collapse;border:none;mso-border-alt:solid black .5pt; mso-border-themecolor:text1;mso-yfti-tbllook:1184;mso-padding-alt:0in 5.4pt 0in 5.4pt"><tbody><tr><td style="border:solid black 1.0pt;mso-border-themecolor:text1; mso-border-alt:solid black .5pt;mso-border-themecolor:text1;padding:0in 5.4pt 0in 5.4pt"></td><td style="border:solid black 1.0pt;mso-border-themecolor:text1; border-left:none;mso-border-left-alt:solid black .5pt;mso-border-left-themecolor: text1;mso-border-alt:solid black .5pt;mso-border-themecolor:text1;padding: 0in 5.4pt 0in 5.4pt">Won </td> <td style="border:solid black 1.0pt;mso-border-themecolor:text1; border-left:none;mso-border-left-alt:solid black .5pt;mso-border-left-themecolor: text1;mso-border-alt:solid black .5pt;mso-border-themecolor:text1;padding: 0in 5.4pt 0in 5.4pt">Leading </td> </tr> <tr> <td style="border:solid black 1.0pt;mso-border-themecolor:text1; border-top:none;mso-border-top-alt:solid black .5pt;mso-border-top-themecolor: text1;mso-border-alt:solid black .5pt;mso-border-themecolor:text1;padding: 0in 5.4pt 0in 5.4pt"> BJP-Shiv Sena </td> <td style="border-top:none;border-left:none;border-bottom:solid black 1.0pt; mso-border-bottom-themecolor:text1;border-right:solid black 1.0pt;mso-border-right-themecolor: text1;mso-border-top-alt:solid black .5pt;mso-border-top-themecolor:text1; mso-border-left-alt:solid black .5pt;mso-border-left-themecolor:text1; mso-border-alt:solid black .5pt;mso-border-themecolor:text1;padding:0in 5.4pt 0in 5.4pt">161 </td> <td style="border-top:none;border-left:none;border-bottom:solid black 1.0pt; mso-border-bottom-themecolor:text1;border-right:solid black 1.0pt;mso-border-right-themecolor: text1;mso-border-top-alt:solid black .5pt;mso-border-top-themecolor:text1; mso-border-left-alt:solid black .5pt;mso-border-left-themecolor:text1; mso-border-alt:solid black .5pt;mso-border-themecolor:text1;padding:0in 5.4pt 0in 5.4pt">0 </td> </tr> <tr> <td style="border:solid black 1.0pt;mso-border-themecolor:text1; border-top:none;mso-border-top-alt:solid black .5pt;mso-border-top-themecolor: text1;mso-border-alt:solid black .5pt;mso-border-themecolor:text1;padding: 0in 5.4pt 0in 5.4pt"> Congress-NCP </td> <td style="border-top:none;border-left:none;border-bottom:solid black 1.0pt; mso-border-bottom-themecolor:text1;border-right:solid black 1.0pt;mso-border-right-themecolor: text1;mso-border-top-alt:solid black .5pt;mso-border-top-themecolor:text1; mso-border-left-alt:solid black .5pt;mso-border-left-themecolor:text1; mso-border-alt:solid black .5pt;mso-border-themecolor:text1;padding:0in 5.4pt 0in 5.4pt">98</td> <td style="border-top:none;border-left:none;border-bottom:solid black 1.0pt; mso-border-bottom-themecolor:text1;border-right:solid black 1.0pt;mso-border-right-themecolor: text1;mso-border-top-alt:solid black .5pt;mso-border-top-themecolor:text1; mso-border-left-alt:solid black .5pt;mso-border-left-themecolor:text1; mso-border-alt:solid black .5pt;mso-border-themecolor:text1;padding:0in 5.4pt 0in 5.4pt">0</td> </tr> <tr> <td style="border:solid black 1.0pt;mso-border-themecolor:text1; border-top:none;mso-border-top-alt:solid black .5pt;mso-border-top-themecolor: text1;mso-border-alt:solid black .5pt;mso-border-themecolor:text1;padding: 0in 5.4pt 0in 5.4pt"> Others </td> <td style="border-top:none;border-left:none;border-bottom:solid black 1.0pt; mso-border-bottom-themecolor:text1;border-right:solid black 1.0pt;mso-border-right-themecolor: text1;mso-border-top-alt:solid black .5pt;mso-border-top-themecolor:text1; mso-border-left-alt:solid black .5pt;mso-border-left-themecolor:text1; mso-border-alt:solid black .5pt;mso-border-themecolor:text1;padding:0in 5.4pt 0in 5.4pt">29</td> <td style="border-top:none;border-left:none;border-bottom:solid black 1.0pt; mso-border-bottom-themecolor:text1;border-right:solid black 1.0pt;mso-border-right-themecolor: text1;mso-border-top-alt:solid black .5pt;mso-border-top-themecolor:text1; mso-border-left-alt:solid black .5pt;mso-border-left-themecolor:text1; mso-border-alt:solid black .5pt;mso-border-themecolor:text1;padding:0in 5.4pt 0in 5.4pt">0</td> </tr> </tbody></table> The vote share percentages over the last assembly elections however remained on similar lines. <table style="border-collapse:collapse;border:none;mso-border-alt:solid black .5pt; mso-border-themecolor:text1;mso-yfti-tbllook:1184;mso-padding-alt:0in 5.4pt 0in 5.4pt"> <tbody><tr> <td style="border:solid black 1.0pt;mso-border-themecolor:text1; mso-border-alt:solid black .5pt;mso-border-themecolor:text1;padding:0in 5.4pt 0in 5.4pt"> </td> <td style="border:solid black 1.0pt;mso-border-themecolor:text1; border-left:none;mso-border-left-alt:solid black .5pt;mso-border-left-themecolor: text1;mso-border-alt:solid black .5pt;mso-border-themecolor:text1;padding: 0in 5.4pt 0in 5.4pt"> 2019 vote share </td> <td style="border:solid black 1.0pt;mso-border-themecolor:text1; border-left:none;mso-border-left-alt:solid black .5pt;mso-border-left-themecolor: text1;mso-border-alt:solid black .5pt;mso-border-themecolor:text1;padding: 0in 5.4pt 0in 5.4pt"> 2014 vote share </td> </tr> <tr> <td style="border:solid black 1.0pt;mso-border-themecolor:text1; border-top:none;mso-border-top-alt:solid black .5pt;mso-border-top-themecolor: text1;mso-border-alt:solid black .5pt;mso-border-themecolor:text1;padding: 0in 5.4pt 0in 5.4pt"> BJP </td> <td style="border-top:none;border-left:none;border-bottom:solid black 1.0pt; mso-border-bottom-themecolor:text1;border-right:solid black 1.0pt;mso-border-right-themecolor: text1;mso-border-top-alt:solid black .5pt;mso-border-top-themecolor:text1; mso-border-left-alt:solid black .5pt;mso-border-left-themecolor:text1; mso-border-alt:solid black .5pt;mso-border-themecolor:text1;padding:0in 5.4pt 0in 5.4pt"> 26.2% </td> <td style="border-top:none;border-left:none;border-bottom:solid black 1.0pt; mso-border-bottom-themecolor:text1;border-right:solid black 1.0pt;mso-border-right-themecolor: text1;mso-border-top-alt:solid black .5pt;mso-border-top-themecolor:text1; mso-border-left-alt:solid black .5pt;mso-border-left-themecolor:text1; mso-border-alt:solid black .5pt;mso-border-themecolor:text1;padding:0in 5.4pt 0in 5.4pt"> 28% </td> </tr> <tr> <td style="border:solid black 1.0pt;mso-border-themecolor:text1; border-top:none;mso-border-top-alt:solid black .5pt;mso-border-top-themecolor: text1;mso-border-alt:solid black .5pt;mso-border-themecolor:text1;padding: 0in 5.4pt 0in 5.4pt"> Shiv Sena </td> <td style="border-top:none;border-left:none;border-bottom:solid black 1.0pt; mso-border-bottom-themecolor:text1;border-right:solid black 1.0pt;mso-border-right-themecolor: text1;mso-border-top-alt:solid black .5pt;mso-border-top-themecolor:text1; mso-border-left-alt:solid black .5pt;mso-border-left-themecolor:text1; mso-border-alt:solid black .5pt;mso-border-themecolor:text1;padding:0in 5.4pt 0in 5.4pt"> 17.7% </td> <td style="border-top:none;border-left:none;border-bottom:solid black 1.0pt; mso-border-bottom-themecolor:text1;border-right:solid black 1.0pt;mso-border-right-themecolor: text1;mso-border-top-alt:solid black .5pt;mso-border-top-themecolor:text1; mso-border-left-alt:solid black .5pt;mso-border-left-themecolor:text1; mso-border-alt:solid black .5pt;mso-border-themecolor:text1;padding:0in 5.4pt 0in 5.4pt"> 19.9% </td> </tr> <tr> <td style="border:solid black 1.0pt;mso-border-themecolor:text1; border-top:none;mso-border-top-alt:solid black .5pt;mso-border-top-themecolor: text1;mso-border-alt:solid black .5pt;mso-border-themecolor:text1;padding: 0in 5.4pt 0in 5.4pt"> Congress </td> <td style="border-top:none;border-left:none;border-bottom:solid black 1.0pt; mso-border-bottom-themecolor:text1;border-right:solid black 1.0pt;mso-border-right-themecolor: text1;mso-border-top-alt:solid black .5pt;mso-border-top-themecolor:text1; mso-border-left-alt:solid black .5pt;mso-border-left-themecolor:text1; mso-border-alt:solid black .5pt;mso-border-themecolor:text1;padding:0in 5.4pt 0in 5.4pt"> 15.6% </td> <td style="border-top:none;border-left:none;border-bottom:solid black 1.0pt; mso-border-bottom-themecolor:text1;border-right:solid black 1.0pt;mso-border-right-themecolor: text1;mso-border-top-alt:solid black .5pt;mso-border-top-themecolor:text1; mso-border-left-alt:solid black .5pt;mso-border-left-themecolor:text1; mso-border-alt:solid black .5pt;mso-border-themecolor:text1;padding:0in 5.4pt 0in 5.4pt"> 18.1% </td> </tr> <tr> <td style="border:solid black 1.0pt;mso-border-themecolor:text1; border-top:none;mso-border-top-alt:solid black .5pt;mso-border-top-themecolor: text1;mso-border-alt:solid black .5pt;mso-border-themecolor:text1;padding: 0in 5.4pt 0in 5.4pt"> NCP </td> <td style="border-top:none;border-left:none;border-bottom:solid black 1.0pt; mso-border-bottom-themecolor:text1;border-right:solid black 1.0pt;mso-border-right-themecolor: text1;mso-border-top-alt:solid black .5pt;mso-border-top-themecolor:text1; mso-border-left-alt:solid black .5pt;mso-border-left-themecolor:text1; mso-border-alt:solid black .5pt;mso-border-themecolor:text1;padding:0in 5.4pt 0in 5.4pt"> 16.7% </td> <td style="border-top:none;border-left:none;border-bottom:solid black 1.0pt; mso-border-bottom-themecolor:text1;border-right:solid black 1.0pt;mso-border-right-themecolor: text1;mso-border-top-alt:solid black .5pt;mso-border-top-themecolor:text1; mso-border-left-alt:solid black .5pt;mso-border-left-themecolor:text1; mso-border-alt:solid black .5pt;mso-border-themecolor:text1;padding:0in 5.4pt 0in 5.4pt"> 17.4% </td> </tr> </tbody></table> Maharashtra was once a Congress stronghold but few remember it to be so. Even fewer debate the ability of the ruling Sena-BJP government to come into power. In fact, all the discussion is around the number of seats that the ruling government will win. A few exit polls even predicted that it will cross 220 out of the total seats of 288. These numbers are mostly based on how the state voted in for the Lok Sabha elections. But in spite of being dubbed Maharashtra’s Modi, the chief minister Devendra Fadnavis a debutante has a new set of problems. For one, a lot has changed since Modi came into power—and not for the better. The country is growing at a slower pace, and many industries like the auto sector have come to a grinding standstill. The state contributes around 12% to the country’s GDP with its capital also being the country’s financial capital. It also bears the worst of the ongoing slowdown. The state’s cultural capital isn’t doing too well either as Pune’s auto component and manufacturing sector is at the receiving end of job crisis. But the Fadnavis government has done what few states could—in the last five years—reduce its debt <a href="https://www.opindia.com/2019/10/poll-promise-vs-performance-of-devendra-fadnavis-govt-in-maharashtra/">by around</a> 9%. Moreover , the state’s fiscal deficit also reduced slightly. The government also claims to have kickstarted many irrigation projects that remained stalled during the Congress rule. In fact, NCP supremo’s son Ajit Pawar was the center of a massive irrigation scam in the last decade. But, the ruling government said that it brought 13 lakh hectares of land under irrigation during the tenure. But not all farmers are happy. Though they are being able to produce more, they are unhappy with the government’s attitude to minimum support prices. In fact, not one but two large protests were taken up by farmers as they marched from Nasik to Mumbai seeking a bailout package along with price support. Sharad Pawar who is not contesting this time around but campaigned extensively, took it up as a poll issue. In-fighting with Sena The state government has faced many internal headwinds as well. The allies Shiv Sena and BJP are not up in arms. This alliance was forged before Modi came into power in 2014 when few knew that BJP would have a far-reaching mass appeal. At the central level too, BJP as a party is getting stronger and its local Saffron cousin isn’t too impressed with the treatment. BJP is also turning a lot more assertive in the state. It has put its own candidates to fight in Sena strongholds of Raigad, Ratnagiri and Sindudurg—which are traditional Sena bastions. In a ludicrous manner, BJP calls it a ‘friendly fight’. Sena party chief Uddhav Thackeray is not impressed. Shiv Sena which was formed by his father, Bal Thackeray, is formed on deep rooted connections with the soil and takes pride in it. A national level party wrenching control of it, hurts it at many levels. In a rare interview, Uddhav said that being second fiddle is not what he has in mind for his party. He even said that he forsees a time when a Sena candidate would be the CM, and his more ambitious son—Aditya Thackeray —is also making his debut in politics. This infighting might break the vote as people doubt the long-term prospects of the alliance going ahead.

It's a bittersweet win for BJP & Sena in Maharashtra— fewer seats to take and larger egos to battle

<keyword id="609507" type="PERSON" weightage="20" keywordseo="exit-poll">Exit poll</keyword> results will be announced after 6.30pm The tenure of the present state government in Maharashtra is ending on 9 November 2019. On October 21, 2019, the voters are actively casting their votes from the various polling booths of the state spread across 288 constituencies to choose the fresh government that will take charge of the Vidhan Sabha. At present, the state is ruled by the National Democratic Alliance led by the BJP. In the 2014 general elections, the NDA made of BJP and Shiv Sena formed the government with a total number of 185 MPs (122 and 63 respectively). The Congress Party was the runner up in these elections which got less than 20% of the total number of seats as they won from 42 constituencies only. The election scenario in Maharashtra Two major alliances are trying their luck in the 2019 assembly elections. While the BJP and the Shiv Sena are facing the elections together, the Congress Party has joined hands with the NCP (Nationalist Congress Party). The other regional parties are either contesting independently or in alliance with one of these two major groups. The purpose of exit polls Elections trigger the curiosity of the voters. Every elector is very eager to know which party will win the elections and form the next government. During most times, the counting is scheduled a few days after the polling and hence the long wait becomes unmanageable for the voters. The purpose of exit polls is to give indications to the voters on what could be the turnout of the elections. What are exit polls? The different agencies that conduct the exit polls are some private firms, broadcasting companies and newspapers. Opinion poll, entrance poll and exit poll are the three different approaches to predicting the election results. During an opinion poll, the pollsters find out from the voters to whom they are planning to vote. Entrance poll happens when the voters are just waiting to cast their votes by finding out their preferences. An exit poll happens just after the polling process when the pollsters ask the voters leaving the polling booths to whom they had voted and consolidate their findings to presume the actual results. EC guidelines on exit polls To ensure a free and fair elections, there are a few strict guidelines issued by the Election Commission regarding the publishing of the exit poll results on websites, newspapers, websites, TV channels, and social media platforms. The rules bar the pollsters from publishing the exit poll results before the scheduled time for polling ends in the state. Exit poll results can be announced only after half an hour after the closing time of the polling. It is mandatory for the exit poll agencies to provide the details about the sample size of the constituency, the information about the methods employed for the exit polls, the error margin expected and the particulars about the polling agency that had conducted the surveys. A disclaimer must also accompany the publishing of exit poll results that must state that the views published cannot be taken as the final results.

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Nifty, Sensex rallied around 1.5 % after Maharashtra election results, Experts noted short term rally

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Maharashtra Election Results: Praniti Shinde, the daughter of Sushilkumar Shinde, wins with 12719 votes

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BJP’s Parag Shah, the richest candidate in Maharashtra, wins with more than half the vote share in Ghatkopar East

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It's a bittersweet win for BJP & Sena in Maharashtra— fewer seats to take and larger egos to battle

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Useful Information about the exit poll results of Maharashtra Assembly Elections 2019

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