Bihar election Result Nifty Sensex Impact LIVE: It’s a big day for the markets, both locally and globally. All eyes are on the Bihar election results. But globally, the US markets tumbled overnight. The Dow and the Nasdaq notched their biggest losses in 1 month.
Here is a quick look at the 5 most important cues for the markets at this hour
Bihar Election results: It’s decision day for the Bihar election results. The counting has begun, and all eyes are on the final verdict. The Street is factoring in the Exit Poll results, indicating strength to NDA and status quo at the Centre.
US Markets: Wall Street saw profit booking after two record-breaking sessions on the back of the U.S. government shutdown. The Nasdaq Composite pulled back 2.29% to close at 22,870.36.
Asian Markets: The Asian markets opened Friday’s early trade on a lower note following the drop on Wall Street overnight. Japan’s benchmark Nikkei 225 index lost 1.85%, while the Topix slid 1.03%. South Korea’s Kospi fell 2.29% and the small-cap Kosdaq was 1.42% lower.
US Dollar: The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading flat at 99.23 on Friday morning.
Crude: Oil prices rose in early trade but were set for the third straight week of declines. They are on track to clock a 1.4% decline this week.
Stock Market Live Updates: Follow Live Coverage on Bihar Election Impact on Nifty, Sensex, Stock Market Live Updates
Bihar Election 2025 Impact on Stock Market Live: NDA victory to lift market mood
All eyes are now on Friday’s Bihar election outcome, where an NDA victory could further lift market mood, said Prashanth Tapse, Senior Vice President of Research at Mehta Equities. FIIs, however, continued to sell, adding to November’s outflows, while a move above 26,111 would signal fresh strength. Volatility may persist, but the path towards 26,000 remains open, he added.
Bihar election Result Nifty Sensex Impact LIVE: Earnings the big trigger for the markets
Over medium to long-term, analysts highlight that earnings is one of the biggest factor to watch out for. The commentary indicates that the demand situation is set to improve Q3 onwards. This is seen as a cardinal factor for the markets.
Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services also reiterated that “multiple factors at play for markets. The exit polls have indicated strength for key NDA memebers. This is no doubt welcome news as it shows political stability and status quo. However, the bigger triggers are potential progress on India-US trade talks and the earning. Commentary suggests Q3 demand will improve, and the market is expecting a rate cut.”
Also Read: Bihar election verdict today: What investors must watch & market triggers explained
Bihar election Result Nifty Sensex Impact LIVE: GIFT Nifty muted
The GIFT Nifty has been trending lower in sync with the global cues. Overnight, Wall Street tumbled to the lowest levels in 1 month. It indicates that the Nifty may continue to trade below the 25,900 levels. However, the trend will be clear at 9:15 am when the market opens.
Bihar election Result Nifty Sensex Impact LIVE: The big factors for the markets are earnings and US-India trade
Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments highlighted that the macro triggers are still the more importantover the lomger term, "the market has largely discounted a comfortable victory for the NDA in the Bihar elections.Since the Exit polls indicate a win for the NDA, this is the most likely outcome. However, if the actuals deviate from the exit poll indications and result in a victory for the Mahagathbandhan, that would be negative for the market. Such a development would be temporary.”
According to him, it is the progress in talks between India-US and also the earnings that would decide the longer term trend.
Bihar election Result Nifty Sensex Impact LIVE: What's the big expectation
Market veteran Ajay Bagga pointed out that “state elections don’t have a long-lasting impact on markets. However, given the central government's dependence on the JD(U) , with its 12 MPs and the fear that the opposition could offer the PM seat to Chandra Babu Naidu's TDP (16 MPs) to break the ruling NDA majority at the centre, there was some amount of trepidation around the Bihar poll outcome. Even though Exit polls cannot capture closely fought seats accurately , markets have put their faith in the Exit polls for now."
Also Read: Bihar election verdict today: What investors must watch & market triggers explained
Bihar election Result Nifty Sensex Impact LIVE: GIFT Nifty under pressure onglobal cues
Good morning and welcome to live coverage of markets on Financial Express.com. The GIFT Nifty is under pressure tracking US market cues. The Wall Street saw its biggest loss in last 1 month. Back home the political scenario takes centre stage. The Bihar Election results will be out and counting is underway. All eyes on the final outcome and trend indicator.