Two foreign brokerages today
indicated that BJP's victory in the Assembly polls makes it the "front
runner" in the May general elections but said that it is too early to
conclude given the past record of varying swings between state and national
poll outcomes. "These results will place BJP as the front-runner in the
May general elections," Bank of America Merill Lynch said in a note today.
Japanese brokerage Nomura said: "The results indicate a rising wave in
favour of the BJP as well as an anti-Congress vote in these states."
Propped by the electoral outcomes yesterday, both the Sensex and Nifty closed
at record highs today. While the Sensex surged to a new lifetime high on
all-round buying at 21,326.42 with a gain of 329.89 points or 1.57 per cent,
the broader Nifty rallied to its life-time peak of 6,363.90 points, a hefty rise
of 104.00 points or 1.66 per cent jump. This helped investor wealth soar by
about Rs 75,000 crore. The rally was led by sustained capital inflows. In
morning trade, the benchmark BSE barometer soared to historic high of 21,483.74
points, while the Nifty also scaled a new intra-day record high of 6,415.25,
surpassing its previous intra-day high of 6,357.10 registered on January 8,
2008. However, both BofA-ML and Nomura said even though the Assembly poll
outcomes increase the market's expectations, such hopes may be tempered as
these states constitute only 13 per cent of the seats in the Lok Sabha and
moreover, many a time the results of state elections and the general elections
have been divergently opposite. "Doing well in these states is not enough
to indicate the direction of the 2014 elections; it only indicates a direction
where these 13 per cent seats could go. In 2003, the BJP had won three of these
four states but lost the 2004 elections," the BoFA-ML note said. In
results of the four states, which came out yesterday, BJP held on to MP and
Chhattisgrah, trounced Congress in Rajasthan and emerged as the single largest
party in the national capital, where Aam Aadmi Party secured 28 seats in its
debut. On the success of the AAP, BofA-ML said: "The success of the
recently formed Aam Aadmi Party in Delhi has again reinforced the split nature
of politics where the non-Congress, non-BJP regional parties are getting
powerful. "This is a reminder that we will still see a coalition
government in 2014 where regional parties will be crucial."
With the stage set for International Yoga Day this Sunday, yoga asanas were performed mid-air at 35,000 feet above the sea-level, arguably the first time ever! The asanas called Upayoga or useful yoga were performed as a trial-run aboard the Delhi-Guwahati and Guwahati-Delhi flights of budget airline SpiceJet with over 180 passengers and crew. The Gurgaon-based carrier has teamed up with Isha Foundation of Sadhguru to conduct mid-air yoga sessions on its select Boeing flights on Sunday, which is being observed as International Yoga Day. Talking about the yogic postures demonstrated, Gita, a teacher with the Isha Foundation said the session was designed to reduce stress for passengers who travel long hours. "These are safe, simple postures which can be done by anyone, and can be practiced anytime and anywhere. They help in relieving stress accumulated in the upper neck and spine region," Gita told PTI. The passengers on board, who had no clue about the onboard yoga demonstr...
Comments
Post a Comment