Just rap on the knuckles for BJP, not outright rejection, says Dalal Street

It’s rap on the knuckles for the BJP, and not an outright rejection. As the nation watched the Modi-led party bite the dust in the current round of state elections, Dalal Street veterans interpreted the poll verdict more as the common voters’ nudge to the government to correct course before the April hustings.

Contrary to what the market had desired, the BJP suffered a major setback, losing in its key bastions like Rajasthan and Chhattisgarh. The saffron party was locked in a neck-and-neck race with the Opposition Congress in Madhya Pradesh and had no chance at all in Mizoram and Telangana.

While the broader market did not care much and moved on after some early knee-jerk reaction, the chattering class within the market fraternity made their views and observations known on Twitter.


Market veteran Shankar Sharma was bearish, but the market surprised him.


Sandip Sabharwal of Asksandipsabharwal.com remained optimistic.

This is how Sunil Singhania looked at the turn of events

Saafir Anand, as always, let his pun and haiku do the talking

Shyam Shekhar, Chief Ideator & Founder, ithought said shorts would soon go to the slaughter house.

And from Singapore, Samir Arora of Helios Capital offered some food for thought