Business Standard

SAD-NDA split unlikely to trigger wild moves in market; eye on US elections

There may be some mild tremors in the stock market due to the exit of the SAD. However, most of the political risks in the global markets now centre on the US

Shiromani Akali Dal supremo Sukhbir Badal addressing workers meeting after the separation of SAD from BJP at Ropar, in Jalandhar.

the US dollar is likely to see extra-normal volatility and so will financial markets everywhere

Devangshu Datta
The Shiromani Akali Dal pulling out of the NDA due to differences over the Farm Bills will not affect the political balance too much. The BJP has a majority in the Lok Sabha on its own. However, this is the third erstwhile ally, which has pulled out of the NDA after differences with the BJP in the not-too-distant past. The Biju Janata Dal broke away from the BJP before the 2019 assembly elections in Odisha, and of course, the Shiv Sena has also parted ways.
There may be some mild tremors in the stockmarket due to the exit of the

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First Published: Sep 28 2020 | 8:02 AM IST

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