"As soon as the BJP government came to the state of Bihar in the Assembly elections, the market boomed, about 43,000 Sensex".
With the BJP government coming to power in the state of Bihar in the Assembly elections, the market rallied. With the news of the success of the third phase of the coronavirus vaccine in humans, there were indications that the stock market was recovering. In this situation, the progress of the NDO alliance during the counting of votes in the Assembly elections in the state of Bihar also had a positive impact on the market.
Within hours of the market opening on the day of the election vote count, the Sensex rose nearly 1.53% to 43,000, an all-time record. Then at that moment the Sensex finally reached about 43,248 points.
The Nifty rose by about 164 points to 12,624. But in the state of Bihar, on the day of counting of votes, there was a kind of news about the slow pace of counting of votes at noon. At that time, the Sensex fell slightly to 43,129 points and with it the Nifty fell to about 12,592 points.