UP to dent BJP tally, BSP-NDA post-poll alliance possible: Ambit Capital
With only the last phase of polling of the seven scheduled left, a recent report by Ambit Capital suggests that the Bharatiya Janata Party (BJP) is likely to win 190-210 seats on a pan-India basis. The report, co-authored by Ritika Mankar Mukherjee and Sumit Shekhar of Ambit Capital, pegs the total seats for Narendra Modi – led National Democratic Alliance (NDA) in the current form between 220 - 240, with the state of Uttar Pradesh (UP) causing a big dent in the total tally. The electoral alliance between the Bahujan Samaj Party (BSP), the Samajwadi Party (SP), and the Rashtriya Lok Dal (RLD) is certain to dent BJP’s seat count in UP, Ambit says. “ Our meetings with politicians, small businesses and academicians in Gorakhpur, Uttar Pradesh suggest that the BJP is headed for a big loss in the state. With the Modi wave clearly ebbing and the Samajwadi Party – Bahujan Samaj Party (SP – BSP) alliance having more than 40 - 50 per cent voteshare, the BJP is set to secure only 30-35...