Stock Market Declines Ahead of Bihar Election Results

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(Share Market) Today, the results of the Bihar Legislative Assembly election will be announced. Counting of votes for 243 assembly seats in Bihar will take place today. The voting for the assembly election was conducted in two phases on November 6 and 11.

Out of 243 seats, a majority is required for 122 seats. Bihar witnessed record voting in both phases. First, postal ballots will be counted. Then, EVM votes will be counted. Counting will start at 8 AM. Tight security arrangements have been made at the counting centers. According to the exit polls of the Bihar Assembly elections, the NDA alliance is likely to get a clear majority. The decision of the Bihar election will be made today, and it will be important to see whose side will be heavier.

Against this backdrop, the impact of the Bihar election results on the stock market can now be seen. The Indian stock market has fallen, with the Nifty trading more than 80 points lower. Meanwhile, the Sensex has dropped 254 points to trade at 84,225, and the Bank Nifty has also seen a decline of 100 points.

Summary

• The Indian stock market has fallen

• The stock market fell at the beginning of the Bihar election results

• Nifty fell by 80 points to 25,800