Nation
BJP sweeps all seven seats in Delhi

BJP first, AAP second and Congress came third in Delhi 16th Lok Sabha General Elections 2014



The Bharatiya Janta Party (BJP) of Delhi has managed to sweep all the 7 Lok Sabha seats in the National Capital- Delhi in the General Elections of 2014 followed by Aam Aadmi Party (AAP) at the second position and Indian National Congress (INC) third.

BJP candidates have won in all the seven constituencies of Delhi with close competition from AAP candidates. Namely, Dr. Harsh Vardhan, the man who never lost in the Vidhan Sabha (Legislative Assembly) maintained his winning-spree and has won in the prestigious Chandni Chowk Constituency by a difference of around 1.35 lakh votes from journalist-turned-AAP leader Ashutosh.

Whereas, in the East Delhi Constituency Maheish Girri of BJP won with 5.7 lakh votes against Mahatma's grandson Rajmohan Gandhi (AAP). Meenakashi lekhi (BJP) leads at the New Delhi Constituency with Ashish Khetan (AAP) in the second position and Ajay Makan (INC) on the third surprisingly.

In North East Delhi, Manoj Tiwari (BJP), a famous actor from is leading over AAP's Anand Kumar with 5.93 lakh votes while BJP candidate Udit Raj leads in North West Delhi with 6.3 lakh votes.

Ramesh Bidhuri in the South Delhi and Parvesh Sahib Singh Verma in West Delhi triumph over  AAP candidates Col Devinder Sehrawat and  Jarnail Singh (AAP) respectively. Mr Bidhuri (BJP) wins with a margin of 1 lakh votes whereas Mr Pravesh Singh wins with a huge margin of 2.7 lakh votes from the AAP candidates.

The 15th Lok Sabha: 2009 General Elections had Congress winning all the seven seats in Delhi. The legacy has continued but with the opposite party (BJP) winning them all this time. But, what is surprising in the 2014 General Elections is that AAP being a just one and a half year old party has a vote share of 32.9%, whereas the years-old Congress  has a vote share which is more than half i.e. 15% only. BJP stands as a clear winner with a vote share of 47.9%.

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Maharashtra's big stalwarts lose election and face too!

NCP's Chhagan Bhujbal, Praful Patel and Sunil Tatkare lost the election, while Narayan Rane and Ganesh Naik's sons were defeated by a landslide margin. Such results show only the voter is most powerful and not representatives, who try to hold and rule their bastion 


In Maharashtra politics, people like Chhagan Bhujbal, Praful Patel, Narayan Rane, Ganesh Naik and Sunil Tatkare are known as stalwarts, who virtually rule their constituencies like emperors. Most of them tried to make sure that power is transferred to the next generation by getting their heirs elected (established) either to the assembly or the Lok Sabha. Unfortunately, this time, the Narendra Modi wave, has not only defeated them but also voters have shown that such 'virtual empires' are also bound to crumble.

 

While Bhujbal, Patel (both from Sharad Pawar-led Nationalist Congress Party-NCP) had to face defeat from Nasik and Bhandara, respectively, union home minister Shinde lost from Solapur to Bharatiya Janata Party (BJP)'s Sharad Bansode by over over one lakh votes.

 

Tatkare, the close confidant of Maharashtra deputy chief minister Ajit Pawar and minister for water resources, was defeated by Shiv Sena's Anant Geete by over 2,200 votes.

 

Out of the total 48 seats, Congress won two (Nanded and Hingoli), while NCP managed to win Baramati, Kolhapur, Satara and Madha seats. BJP and Shiv Sena won 23 and 18 seats, respectively, while one seat was won by Raju Shetty of Swabhimani Paksha, which has its pre-poll alliance with these two parties.
 

Source: Election Commission Last Updated at 6:14 PM On 16/5/2014

 

However, most shocking was the defeat of Nilesh Rane and Sanjeev Naik from Ratnagiri-Sindhudurg and Thane, respectively and the margin of votes these two sons of ministers were defeated.

 

Nilesh, the son of Maharashtra industries minister Narayan Rane, was defeated by Shiv Sena's Vinayak Raut by over 1.5 lakh votes. Following the defeat of his son, Narayan Rane has resigned from the state cabinet, and according to sources plans to rush back to his nurture his constituency.

 

On the other hand, Sanjeev, son of Ganesh Naik, who is minister of labour, excise and environment in Maharashtra, was defeatd by Shiv Sena's Rajan Vichare. The Naik empire was considered as one of the strongest and impenetrable among all leaders of NCP. The victory of Vichare was made possible due to the anti-incumbency factor as well as low votes pulled by Maharashtra Navnirman Sena's Abhijeet Panse.

 

Another interesting aspect of this election, at least in Maharashtra, is Ashok Chavan, the tainted former chief minister, who is the one of the two winners for Congress. Chavan, against whom an inquiry in the 'paid news' matter is pending, won by a margin of 80,000 votes. Rajeev Satav, one of the close confidants of Rahul Gandhi and president of Youth Congress, just about managed to win from Hingoli by marginal votes.

 

NCP, which shares power in Maharashtra with Congress, managed to win just four seats, including party chief Sharad Pawar's bastion, Baramati. Here Pawar's daughter Supriya Sule defeated Rashtriya Samaj Paksha (an alliance partner of BJP and SS). However, her margin is quite low compared to last time, when she had defeated BJP's Kanta Nalawade by over 3.36 lakh votes.

 

The defeat of Bhujbal and Patel, who are considered very close to the NCP chief, is most humiliating to the party. Bhujbal, whose son Pankaj is an MLA, and nephew Samir was representing Nasik in the Lok Sabha, had to face defeat from Shiv Sena's Hemant Godse by more than 1.87 lakh votes. Patel was defeated by BJP's Nana Patole, a relatively newcomer compared with the NCP's veteran leader, by over 1.25 lakh votes.

 

Another stalwart from Congress, Manikrao Gavit, who have won from Nandurbar for a record nine times, was defeated by BJP's Dr Heena Gavit. Interestingly, Dr Gavit is daughter of Vijaykumar Gavit, another powerful leader and minister from NCP. She defeated Manikrao Gavit by over a lakh votes.

 

NCP's Vijaysingh Mohite Patil, another powerful name in state politics, managed to hold the Madha seat that was vacated by his party chief. He defeated BJP-SS alliance partner Swabhimani Paksh's Saradhbu Khot by over 34, 000 votes.

 

Former minister and president of Mumbai Congress, Gurudas Kamat was defeated by Shiv Sena's Gajanan Kirtikar by over 1.5 lakh votes. Congress' Amrish Patel, a powerful leader from North Maharashtra, was defeated by BJP's Dr Subhash Bhamre by over 1.30 lakh votes.

 

Dr Padamsinh Patil, a former minister and close relative of Sharad Pawar was defeated from Osmanabad by Shiv Sena's Ravindra Gaikwad by over 1.4 lakh votes. Dr Patil was arrested by the Central Bureau of Investigation (CBI) for his alleged involvement in the 2006 murder of Maharashtra Congress leader Pawanraje Nimbalkar and his driver. The trial in this case is going in Alibaug court and verdict is pending.

 

Manish Jain is the son of powerful leader Ishwarlal Jain from the NCP. The Jain family from Jalgaon owns Rajmal Lakhichand, one of the biggest and oldest jewellery firm in Maharashtra. Interestingly, Manish Jain fought and won the election for Legislative Council from Jalgaon Local Authorities as an independent candidate. His run to the Lok Sabha, however, was cut short by BJP's Raksha Khadase, the daugher-in-law of Eknath Khadase, who is leader of opposition in Maharashtra. She defeated Jain by over three lakh votes.

 

Another son of a powerful politician, Sagar Datta Meghe was defeated by BJP's Chandrabhan Tadas by over one lakh vote. Datta Meghe is powerful leader from Congress and was minster for several years in the state cabinet. The Meghe family runs an empire of educational institutes across Maharashtra.

 

Congress' Shivajirao Moghe, the minister of social justice had to face the defeat in this Lok Sabha election. He was defeated by Shiv Sena's Bhavana Gawali, by over 93,000 votes. Gawali was the youngest female Member of Parliament (MP) in the 13th Lok Sabha.

 

No doubt the election results are influenced by the Narendra Modi wave, however, what it signals for Congress and NCP is you can not take the voter for granted all the time.  

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Sensex, Nifty to move sideways for a long time: Weekly closing report

Now that the election results are out, the market will move sideways with a positive bias

Throughout the week, the Indian markets have been on an upswing and the optimism has  been based on the expected victory of Bharatiya Janata Party (BJP) in the Lok Sabha polls. However, even the best of forecasts could not match the stupendous victory recorded by BJP on the 16th May, which sent the indices soaring.

The BSE 30-share Sensex closed the week that ended on 16th May, at 24,122 (up 1128 points or 4.90%), while the NSE’s 50-share Nifty closed at 7,203 (up 344 points or 5.02%) for the week. We had mentioned in the previous week that this reporting week will see the market rallying upto 16th May. On Monday, the Indian markets carried forward the positive momentum of the previous week, and shot up at the open and traded high for the entire trading session. Ahead of the result, of the exit polls, the market surged anticipating the BJP-led NDA to be able to gain a majority.  Nifty closed at 7,014 (up 155 points or 2.27%).

Last Friday, the government data showed that India's merchandise exports rose 5.26% to $25.63 billion in April 2014 over April 2013. Imports dropped 15% at $35.72 billion in April 2014 over April 2013. The trade deficit for April 2014 was estimated at $10.09 billion, which was sharply lower than the trade deficit of $17.67 billion during April 2013.

On Tuesday, it was the third day of major gain on the indices, following the exit polls that predicted the high possibility of Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) forming the next government at the Centre. Nifty closed at 7,109 (up 95 points or 1.35%).

Inflation based on the combined consumer price index for urban and rural India accelerated to 8.59% (provisional) in April 2014, from 8.31% (final) in March 2014, data released by the government after trading hours on Monday, 12 May 2014, showed. Another data released by the government after trading hours on Monday, 12 May 2014, showed that industrial production shrank for a second straight month in March 2014. Industrial production declined 0.5% in March 2014, compared with a contraction of 1.8% in February 2014. For the year ended 31 March 2014 (FY 2014), the industrial production registered a contraction of 0.1%. The fall in February's output was revised to 1.8% from 1.9% reported earlier.

On Wednesday, after a relentless rally, market finally paused for breath and there was some profit booking from the very start of trading. Stock indices struggled to stay in the green without any success and the downtrend was visible all through the session. We had said that the market will remain directionless until the election results are clear. Nifty closed flat at 7,109. Bank stocks were in focus as the committee appointed by the Reserve Bank of India (RBI) under Dr P J Nayak proposed that the government should cut its stakes in state banks to below 50% and establish "fully empowered" bank boards.

After a weak opening on Thursday the market managed to surge but soon gave up gains and closed marginally higher. Nifty closed at 7,123 (up 14 points or 0.20%). Government reported annual rate of inflation based on monthly wholesale price index (WPI) easing to 5.2% for the month of April 2014 from 5.7% in March 2014.

At the end of the session we had said that the indices may sell off temporarily if the NDA’s margin of victory was wafer-thin. But if the BJP  wins with a comfortable margin there would be no fear of a sell-off, even temporary.

On Friday, as the stupendous results of elections started trickling in even before the market opened, Sensex and Nifty opened with a huge upward gap. Sensex shot up to 25,376 before profit booking set in and Nifty went as high as 7,563 at 10. Thereafter, continuous selling started and Nifty went down all the way to a low of 7,131, almost to where it had closed yesterday. This was followed by a small revival but Nifty ended up only 80 points.

 

For the week, among the other indices on the NSE, the top two performers were Realty (14%) and PSU Bank (13%) while the worst performer was Pharma (4%).

 

Among the Nifty stocks, the top five stocks for the week were BHEL (19%); DLF (17%); Sesa Sterlite (17%); BPCL (14%) and Tata Power (13%) while the top five losers were Dr Reddy's Lab (11%); United Spirits (5%); Wipro (2%); Hindalco (2%) and Sun Pharma (2%).

 

Of the 1,447 companies on the NSE, 839 companies closed in the green, 566 companies closed in the red while 42 companies closed flat.

 

 

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COMMENTS

Suiketu Shah

3 years ago

Superb piece and very very useful.

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