The political landscape of India witnessed a significant development on Monday, October 8, with the BJP securing a dominant victory in the Haryana assembly elections. The party secured 47 seats, ensuring its third consecutive term in power. Notably, prominent figures like Haryana Chief Minister Nayab Singh Saini, Congress’s Bhupinder Singh Hooda, Vinesh Phogat, Aditya Surjewala, and Mamman Khan, along with independent candidate Savitri Jindal, emerged victorious in their respective constituencies.
However, the results also saw prominent defeats for Haryana speaker and BJP’s Gian Chand Gupta, INLD’s Abhay Singh Chautala, Haryana Lokhit Party Gopal Kanda, and BJP leader O P Dhankar.
Meanwhile, in Jammu and Kashmir, the National Conference (NC) is on track to form the next government after emerging as the frontrunner in the recent assembly elections. The NC and the Congress, together, crossed the halfway mark on Tuesday morning, triggering celebrations among their workers in Srinagar. As per the latest Election Commission data, the NC has won 24 seats and is leading in 17 others, while the Congress has won 3 seats and is leading in 3 more. The BJP secured victory on 17 seats and is leading in 12.
Farooq Abdullah, former CM, has announced that his son, Omar Abdullah, will be the next Chief Minister of Jammu and Kashmir. Mehbooba Mufti’s Peoples Democratic Party (PDP) won two seats and is leading in two others. The remaining seats are being contested by independents and smaller parties.
In the financial markets, a positive turnaround was witnessed on Tuesday, ending a six-day losing streak. The benchmark Sensex climbed nearly 585 points, attributed to value buying in blue-chip stocks like HDFC Bank, Reliance Industries, and Mahindra & Mahindra. The 30-share BSE Sensex rose by 584.81 points or 0.72 per cent to close at 81,634.81, while the NSE Nifty gained 217.40 points or 0.88 per cent to close at 25,013.15.
Reliance Industries Ltd (RIL) has scheduled a board meeting on October 14 to review and approve its financial results for the quarter ending September 2024. The company will be releasing both standalone and consolidated unaudited financial results for the quarter and the first half of the fiscal year.
