As, Ruling NDA , faces decimated defect in Bihar, We, Expect Market to Nose-Dive like anything.
However 2 - 3% correction in Nifty/Sensex , does not rule out, at this point of time.
As, After Defect, It'll be Difficult for BJP to pass out any Bill in Raj Sabha, as Ruling party does not have majority in Rajya Sabha, Bill like GST/LAND Bill etc. will face hurdle in Rajya Sabha now.
However, Bihar defeat will have temporary effect on Market, In a 2 - 3 Days weakness, things will again starts stabilizing very soon. However, temporary correction on the bourses, can't ruled out at this point of time.
No, doubt this is Huge-Huge setback for BJP , especially the Man in Action Mr. AMIT SHAH, who was considered the Chanakya in Modern day politics. His policies failed like anything in Bihar Election.
And for JDU , RJD & CONGRESS. This man Prashant Kishor , did wonder, We don't know, and don't understand, why Our Hon'ble PM Mr. Modi, parted away from, Prashant kishor, The man who hardsold brand Narendra Modi during the 2012 Assembly polls in Gujarat and last year's general elections, also helped craft Nitish Kumar's campaign strategy in Bihar that saw him thump his arch foe in the state assembly election. Prashant Kishor, a native of Bihar, had quit a UN health expert's job in Africa in 2011 and returned to India to form a group of young professionals who devised the strategy to project Modi as the face of good governance in the 2012 Gujarat polls. Kishor, the man with the Midas touch, replicated the feat once again when Nitish Kumar secured a third consecutive term trouncing BJP-led NDA in Bihar where Modi, an arch rival of the JD(U) leader, had staked it all, having addressed at least 31 election rallies, unusual for a Prime Minister in a state poll. Kishor, 37, who conceptualised and implemented Modi's popular 'chai pe charcha' initiative, substituted it with 'parcha pe charcha' (discussion over pamphlets) under which Nitish's.
When top BJP leaders were busy criss-crossing Bihar on helicopters, Nitish Kumar and workers of his party went knocking the doors of the electorate seeking their vote as part of the direct outreach initiative. When asked why he switched over to Modi's rival, Kishor said," Nitish Kumar is one of the country's most credible politicians." . The usually "laconic" Kumar, members of Kishor's team said, was hardly a talking point when the team landed in Patna. Working assiduously behind behind the scene, they crafted a strategy where Kumar matched Modi's each trenchant criticism with equally sharp retort. Kishor had brought together a group of graduates from India's premier institutes and multinational companies to work on Modi's 2014 election campaign under the name 'Citizens for Accountable Governance'. He dissolved CAG a few months after the elections.
Don't Panic at Opening, you might See , SENSEX SLIDING as Much As 500 - 700 Points.
But, it may soon stabilizing, in Afternoon trade. So, Be Brave and your strategy should be Buy on Decline Now.
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