Bihar election result signals political stability in India; could aid consumption stocks, brokerages say

Bharti Airtel

17/11/2025 06:16

** The ruling National Democratic Alliance's victory in the Bihar state election signals policy continuity, political stability and gives support for market sentiment, say Jefferies and Motilal Oswal

** Multiple analysts expect Nifty to clock fresh record highs in the next few sessions; Nifty is 1.2% away from the all-time high hit on September 2024

** India's Nifty 50 .NSEI is up 0.15% on Monday, eyeing sixth session of gains, mid-caps .NIFMDCP100 rise as much as 0.69% to hit a record high on Monday

** The NDA, led by Prime Minister Narendra Modi's party, won 202 of 243 seats in Bihar, beating exit poll predictions

** Results reaffirm preference for cash transfer schemes boosting the outlook for consumption stocks, says Jefferies

** Identifies Bharti Airtel BRTI.NS, Vishal Mega Mart VSSL.NS, TVS Motor TVSM.NS, Crompton Greaves Consumer Electricals CROP.NS, Godrej Consumer Products GOCP.NS, Marico MRCO.NS and Jubilant FoodWorks JUBI.NS as key beneficiaries

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))