Parties back promotion quota for dalits; SP dissents

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.

New Delhi: From 'pappu' to 'shehzade', Congress leader Rahul Gandhi has been the prime target of BJP's ridicule for years. Jabs at the Gandhi family have been the BJP leader's main line of attack at the main Opposition Congress in every election over the past decade. But as Congress inches towards a 100-seat tally in this Lok Sabha election -- its best show in a decade -- and the INDIA bloc's tally defies all exit polls, the Gandhi siblings have played a central role.

Mr Gandhi virtually launched his campaign with a Bharat Jodo Yatra across the length and breadth of the country. While the actual impact of the yatra in terms of Lok Sabha seats won is a subject of data and debate, there is no doubt that his public interactions on the trail brought him out of television screens to the people and contributed to shattering the perception the BJP had created of him.

Visuals of Mr Gandhi petting puppies, hugging people and chatting with people from every section of the society, from students to truck drivers to mechanics, showed a side of him the country had not seen before.

As for Priyanka Gandhi, many had expected her to contest the polls this time, and questions were raised when she did not. In her response, Ms Gandhi Vadra has said in several interviews that it was a conscious decision. If both she and Rahul contested the election, they would get tied up with campaigning in one constituency, she had said, adding that the plan was to keep her free for rallies. The move clearly seems to have paid off.

As Mr Gandhi travelled across the country to address rallies of the INDIA bloc, Ms Gandhi Vadra also took up the task of leading the Congress's campaign in family strongholds Amethi and Raebareli. Nine hours into the counting, the party seems set for a win in both seats, including Amethi, where Gandhi family loyalist Kishori Lal Sharma has emerged a giant slayer by defeating Union Minister Smriti Irani -- a sweet revenge for Rahul Gandhi's 2019 defeat.

In these seats, Ms Gandhi Vadra was as much the party's face as its brain. From addressing nukkad sabhas to planning the party's moves, she led the campaign in these prestige battles from scratch.

The 2024 election also saw her emergence as an orator who charms the audience and also connects with them. Her counterstrike to Prime Minister Narendra Modi's charge that the Congress plans to bring a wealth distribution plan and would take away "mangalsutra" had made national headlines.

"He says the Congress wants to take away your gold, your mangalsutra. The country has been independent for 70 years. The Congress ruled for 55 years. Has anyone robbed you of your gold or your mangalsutra? When the war was on, Indira Gandhi gave her gold to the country. My mother's mangalsutra was sacrificed for this country," she had said.

According to a PTI report, the Congress leader was attending a party meeting in Amethi when she told the audience that there was a woman among them who wanted to educate her daughter, but her father-in-law was against it. So, the woman stitched sari falls to save money and ensured that her daughter became a graduate. She then invited the woman to stage as the audience cheered.

Such interactions smashed the image the BJP had created for the Gandhi siblings and the ruling party's "royal family" jabs lost their sheen.

Also significant is the fact that the Congress this time contested just 328 seats out of 543 -- its lowest ever, leaving the remaining 215 seats for INDIA allies. Known to bargain hard for seats and then failing to convert them into wins, this was a big climbdown by the Mallikarjun Kharge-led party. And the move seems to have paid off.

The Congress may still finish with half the seats as compared to the BJP, but the Gandhi siblings shine in its stellar show. And at the Congress press meet this evening, Mr Gandhi underlined sister Priyanka's contribution in the party's performance.

Yusuf Pathan, the swashbuckling all-rounder from Baroda, will soon be rubbing shoulders with the bigwigs in the Lok Sabha. 

The 41-year-old former cricketer, who made his electoral debut on a Trinamool Congress ticket from West Bengal's Baharampur, has upset Congress heavyweight Adhir Ranjan Chowdhury. 

Rejecting Adhir Ranjan Chowdhury, its five-time MP from this so-called ‘Congress fortress’, voters elected Trinamool Congress candidate and former India all-rounder Yusuf Pathan by a comprehensive win margin of over 85,000 votes.

Owing to Chowdhury’s defeat in Baharampur, which remained among the last-standing perceived Congress fortresses of the state, the Trinamool Congress had its flag grafted and flying from the region for the first time ever.

Pathan was a member of the Indian cricket team that lifted the inaugural ICC World T20 trophy in 2007. Less than a year later, he excelled with both bat and ball to guide Rajasthan Royals to the Indian Premier League title in the marquee tournament's first edition. 

But Pathan's laurels did not end there. He was a member of the victorious Kolkata Knight Riders team that won IPL twice in 2012 and 2014. 

Despite being the elder of the two brothers, Yusuf made his international debut three years after Irfan.

His ability to turn matches around with his power-hitting and crucial wickets made him a vital player for India in shorter formats as he became a member of the MS Dhoni-led batch of 2011 that lifted the ODI World Cup.

Cut to 2024. West Bengal chief minister Mamata Banerjee picked Pathan as a surprise pick to take on Chowdhury, who belongs to the INDIA bloc ally Congress. 

Pathan said he has immense respect for the Congress leader. “I respect Adhir Ranjan Chowdhury a lot. He is a senior leader. I give my best wishes to him... I will open a sports academy to encourage children to represent the state and country... The people have given their support to me,” he was quoted by ANI as saying. 

Besides Chowdhury, Yusuf had to take on BJP's Nirmal Chandra Saha, a known doctor from the region and also deal with the "outsider" barbs from the opposition.