Lok Sabha Election Results 2024: Most exit polls have predicted a third consecutive term for Prime Minister Narendra Modi. If elected to power again in 2024, PM Modi is likely to equal the record of former Prime Minister Jawaharlal Nehru, the only PM to be elected thrice consecutively.
Pandit Nehru served as the Prime Minister for 17 years – from 1947 to 1964. He is the longest-serving prime minister of the nation, according to a government website. The Congress alone had won 371 seats in the 1957 Lok Sabha Elections, when Nehru had returned to power after the first elections in 1951, as per the Elections Commission's data.
This was the highest number of Lok Sabha seats (371) any one political party has won in the Lok Sabha elections so far. However, exit polls in the 2024 Lok Sabha Elections have predicted around 350-370 seats collectively for the BJP and its allies, and not just for the PM Modi-led BJP.
Lok Sabha Election Results on June 4
All eyes are on the results of the Lok Sabha Elections 2024, which will be declared on Tuesday, June 4. The results will reveal which political party or alliance will form the government and whether Prime Minister Narendra Modi will return for a third term at the Centre.
The assembly election results in Odisha and Andhra Pradesh will also be announced on Tuesday. The voting for two state assemblies was held alongside the Lok Sabha polls. The current Andhra Pradesh Assembly's term ends on June 11, and that of Odisha's on June 24. The assembly constituencies in the two states voted this year to choose their next chief minister.
Lok Sabha Election Result: What's expected?
The exit polls predicted a better performance by the Bharatiya Janata Party (BJP) and a defeat for the opposition's INDIA bloc in this year's national polls.
Prime Minister Narendra Modi and the BJP have exuded confidence that the party-led alliance, the National Democratic Alliance (NDA), will secure a historic win by grabbing over 400 Lok Sabha seats in the 2024 polls. There are a total of 543 seats in the Lok Sabha. A party needs 272 seats to win the national polls.
Many opposition leaders claimed that the BJP winning over 400 seats would be a "threat" to the country's Constitution.
The Congress, meanwhile, said that the INDIA bloc, a coalition of over 25 opposition parties, will win the Lok Sabha Elections 2024 with over 295 seats. The leaders of the grand-old party believe that the 2024 elections will be a repeat of the 2004 polls when the Congress stormed to power, shocking several poll pundits.
Besides much political action and drama, significant market volatility is expected on election day. On Monday, the stock market benchmarks, the Sensex and Nifty 50, jumped almost 4 percent each to fresh record highs after exit polls predicted a huge win for the BJP and the NDA on Saturday, June 1.
Lok Sabha Election Results: What exit polls predicted
Around seven exit polls predicted approximately 350-370 seats for the BJP-led NDA in the Lok Sabha Elections 2024. They suggested that the Opposition's INDIA bloc may win around 107-140 of the total Lok Sabha seats, far from the majority mark of 272 seats.
Most exit polls suggested that the BJP-led NDA would win at least 350 seats but won't be able to achieve its “400 par" goal. However, three exit polls—India Today-My Axis India, India TV-CNX, and News24-Todays Chanakya—predicted over 400 seats for the NDA.
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Lok Sabha Election Results 2024: Will Nifty 50 break its record today if Narendra Modi-led NDA retains power?
An over 3 percent gain in the Nifty 50 on Monday, June 3, following exit polls predicting a solid majority for the Narendra Modi-led NDA in the 2024 Lok Sabha election, could extend further if the election results on Tuesday align with market expectations. However, if the results fail to meet the expectations of D-Street, there may be some turbulence in the short term, according to experts.
Nifty 50 hit an all-time high of 23,338.70 but closed at 23,263.90, up 3.25 per cent, on Monday. Experts believe the index could rise to the level of 23,500 on Tuesday.
Experts believe some profit-booking may follow a market rally after the election results, as the market's focus for the short term will shift to the government's policy announcements in the first 100 days and the upcoming Budget.
All eyes are on the Lok Sabha election results on Tuesday, June 4. Elections serve as both short-term and long-term triggers for the stock market. In the short term, election-related speculations and outcomes influence market sentiment. In the long term, political stability, government policies, and measures significantly impact the stock market.
Election Results 2024 Live Updates: In Modi Vs Gandhi battle, who's gonna win Lok Sabha Elections? Counting at 8 am
Election Results 2024 Live Updates: The counting of votes for Lok Sabha Elections 2024 begins today at 8 am. All eyes are on whether the exit poll predictions will hold ground and Prime Minister Narendra Modi-led National Democratic Alliance (NDA) comes back to power with a historic third straight term.
A party or a coalition needs to win at least 272 of the 543 Lok Sabha seats to be in power at the centre. With one seat, Surat already decided in NDA's kitty unopposed, votes for 542 seats will be counted today.
Narendra Modi will be the first Prime Minister after Jawaharlal Nehru to win three straight terms, if the NDA emerges victorious under his leadership in the Lok Sabha Elections 2024.
What did the exit polls predict?
While most of the exit polls predicted a smooth victory with over 350 seats for PM Modi-led NDA, at least three major exit polls – India Today-My Axis India, India TV-CNX, and News24-Todays Chanakya – have predicted 400 plus seats for the ruling coalition in general elections.
While the BJP is confident of easily crossing the majority-mark and has even planned out celebrations, the Opposition’s INDIA bloc has rubbished the exit polls.
Read Also: Lok Sabha Elections 2024 Result on June 4
What was the result in 2014 & 2019?
In the Lok Sabha Elections 2019, pollsters had predicted around 285 seats for the NDA. And in reality the NDA bagged 353 seats, of which the BJP got 303 alone. The Opposition’s UPA managed only 93 seats of which the Congress got 52. In the Lok Sabha Elections 2014, the NDA was estimated to win around 257-340 seats. However, the NDA won 336 seats and Narendra Modi became the Prime Minister for the first time.
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