Overview
- Shares tied to West Bengal jumped after Monday's count showed the BJP leading around 195 of 294 seats, well above the 148 needed for a majority, with the TMC trailing near 93.
- Broader markets also firmed on the day as the Sensex rose 0.46% to 77,269 and the Nifty gained 0.51% to 24,119, while the value of all BSE-listed firms climbed to about Rs 469 lakh crore from Rs 463 lakh crore.
- CESC rallied about 6% to 6.5%, Bandhan Bank rose roughly 3% to 3.5%, and Emami added around 2.6%, while Senco Gold, Baazar Style Retail and Andrew Yule advanced and Shriram Properties led gains given its large township project near Kolkata.
- Executives and investors said a BJP-run state could speed up project clearances and usher in a new industry policy, with Berger Paints' Abhijit Roy expecting progress on stalled metro lines and a services push in Kolkata.
- Others urged caution, with VK Vijayakumar calling the pop a short-term sentiment bounce and technician Jatin Gedia advising stop losses, a short-term buy on Emami toward Rs 500–520, and patience on overbought Titagarh Rail.