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markets

The image is a wide banner with a bright red background and white text. It reads "EXIT POLLS, STOCK MARKET & THE GREAT INDIAN ELECTION" in bold, capitalized letters. The layout is straightforward, with a central light bulb icon symbolizing ideas or insights, and red arrow motifs pointing right, enhancing the dynamic and forward-moving theme of the content.

Axis My India's Pradeep Gupta’s Emotional Reaction to Unexpected Election Results

By
Anurag Trivedi

Pradeep Gupta, the Chairman of Axis My India, was visibly emotional during a live TV broadcast as the election results began to unfold, showing the BJP significantly underperforming compared to the exit poll predictions made by his agency. Despite a historically strong track record—accurately predicting outcomes in 65 out of 69 elections, a success rate of about 93%—the unexpected results evidently took a toll, prompting on-air consolation from the news anchors. This rare display of emotion highlighted the pressures and unpredictability inherent in political polling.

The image depicts a stock market display screen with multiple stock prices showing a significant downtrend, indicated by red arrows and negative percentage changes. A stylized, cartoon-like graphic overlay shows a rocket with the Indian flag crashing downward, aligned with the downward movement of the market trends on the display, symbolizing a rapid decline in stock values. This visual metaphor effectively captures the dramatic impact of a stock market crash. The background is filled with numeric stock data in white against a dark background, enhancing the visibility of the red graphical elements representing the market downturn.

Election Results Trigger Market Turmoil: Tech Stocks Tumble as Sensex Drops 4,000 Points

By
Anurag Trivedi

In the wake of the 2024 Lok Sabha Election results, Indian new-age tech stocks took a significant hit, reversing gains from the previous day. The Indian stock market dropped dramatically by around 4,000 points, influenced by the early election results. This shift saw 23 prominent new-age tech stocks, closely monitored by Inc42, decline sharply by mid-morning. While the Sensex and Nifty50 saw substantial falls, individual stocks like TBO Tek and Paytm experienced major sell-offs, with TBO Tek dropping over 10% and Paytm hitting the lower circuit. The market's response reflects broader uncertainties and adjustments in investor expectations following the election results.