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West Bengal Chief Minister Mamata Banerjee called for the “immediate resignation" of Prime Minister Narendra Modi as the BJP-led NDA eked out a muted election victory on Tuesday. The Trinamool supremo also thanked the people of West Bengal for the mandate as the party secured a lead in 29 seats. 

“... I am happy that the Prime Minister did not get the majority figure. The Prime Minister has lost credibility, he should resign immediately because he had said that this time they would cross 400 seats…Even after causing so many atrocities, spending so much money, this arrogance of Modi ji and Amit Shah, INDIA has won and Modi has lost. They have even lost in Ayodhya," the INDIA bloc leader reminded. 

Mamata also insisted that she would try to ensure that Modi “is out of power and INDIA bloc is in" following the results. The Trinamool Congress chief claimed that the people of India had ‘broken’ PM Modi's morale after he ‘broke’ many politicial parties. 

The Election Commission has declared the TMC the winner in two seats with notable leads in 27 others. The BJP is presently leading in 12 seats while the Congress holds a lead in the Maldaha Dakshin constituency.

The share market has posted a massive jump in the early trade, banking on the hopes of political stability as predicted by the exit polls. The 30-share Sensex rallied over 2,000 points this morning while the 50-stock Nifty recorded its biggest jump in four years during the market opening.

Both Sensex and Nifty, the indexes of the Bombay Stock Exchange and the National Stock Exchange, hit their record high levels today. All Sensex and Nifty stocks are now in the green.

At pre-open, Nifty surged over 800 points or 3.58% to 23,227.90 while the Sensex jumped 2,621.98 points or 3.55% to 76,583.29.

Adani Ports, Adani Enterprises, Power Grid, Shriram Finance, and NTPC are among the top performers that led the market rally with significant gains. The latest GDP data suggesting a robust 8.2% fiscal growth also bolstered the market sentiment. 

"Buoyant sentiments are driven by India's impressive Q4FY24 GDP growth of 7.8 per cent, surpassing expectations, with the fiscal year's growth standing at 8.2 per cent," said Varun Aggarwal, founder and managing director of Profit Idea. He also cautioned that the market will remain volatile in anticipation of the results pending tomorrow.

An aggregate of 12 exit polls on Saturday predicted the BJP will return to power with the ruling NDA alliance with 365 seats. A party or an alliance needs at least 272 seats to form government in the country. The market prefers political stability and a change in government usually risks volatility in the share market, according to analysts. 

The exit polls have also predicted that the BJP is set to break ground in Kerala and Tamil Nadu in the south, and make large gains in Odisha and Bengal in the east. There is, however, a health warning: exit polls do not always get it right. 

While the BJP has welcomed the exit poll predictions, the Opposition has dismissed the forecast and said the counting day will throw a completely different picture. Following a meeting of the Opposition leaders part of the INDIA bloc, Congress chief Mallikarjun Kharge Saturday said that the bloc will win at least 295 seats out of the total 543.

A Palestinian official in the Gaza Strip says the Israeli occupation forces have destroyed a total of 50,000 housing units during their nearly-eight-month war of aggression in the northern part of the territory.

The figure was given by the chairman of the Emergency Committee for Northern Gaza Municipalities, during a press conference on Sunday.

“Some 50,000 housing units have been destroyed, and sewage networks and roads have been bulldozed in most municipalities of northern Gaza,” the official, whose name was not given by Palestinian media outlets, said.

The official noted that “35 water wells, schools, and UNRWA facilities have been destroyed, and an imminent famine is threatening northern Gaza.”

The official also declared “Jabalia [refugee camp] and Beit Hanoun [both in northern Gaza] as disaster areas due to the indescribable destruction” caused by Israel’s genocidal war.

The Palestinian official’s warning came a day after the UN agency for Palestinian refugees, UNRWA, said in a post on X social media platform that as a result of the Israeli aggression, “Gaza has been reduced to rubble and Palestinian families have to survive in inhumane conditions with scarce water, food and supplies.”

UNRWA’s Commissioner General Philippe Lazzarini has also described the destruction caused by Israeli forces in Jabalia refugee camp as “horrific,” adding that “thousands of displaced people have no choice but to live amid the rubble and in destroyed UNRWA facilities.”

It was about a month ago that a UN official said the destruction caused by Israel’s war on the Gaza Strip is unseen since the Second World War, estimating that the reconstruction of the Palestinian territory could take 80 years and cost up to $40 billion.

Abdallah al-Dardari, UN assistant secretary-general and director of the UN Development Program's regional office for the Arab states, added that the Israeli aggression has completely or partially destroyed 72 percent of all residential buildings in Gaza.

According to Palestinian Health Ministry in Gaza, the regime’s genocide has so far claimed the lives of 36,439 civilians, mostly women and children, while leaving 82,627 others injured.