Indian Election: All over? Runaway victory for Modi as B/C ratio soars to over 4.6

It is definitely all over now. Narendra Modi will be the next Prime Minister and he will not have to depend on any allies for his majority. Even the Shiv Sena will be superfluous. Mamata in W Bengal and Jayalalitha in Tamil Nadu have had landslide wins but Modi will not need to be beholden to them. For the first time in 30 years a coalition will not be necessary. The Aam Admi party made a poor showing, reinforcing the view that they make a lot of noise but are scared of governing. Congress may get less than 50 seats (!!) and be reduced to little more than a rump.

1045: It is less than 3 hours since counting began and it is looking like a runaway victory for Modi and a melt-down for Congress. The B/C ratio is reaching stratospheric heights at 4.6 (318/69).

1030: B/C ratio soars to 4.05 (304/75). An absolute and a very comfortable majority for Narendra Modi is emerging. Post election haggling and sops to regional fanatics may not be needed. Varun Gandhi has won in Sultanpur. Rahul Gandhi is behind in Amethi. 

1015: B/C ratio now at 3.58 (301/ 84). Comfortable majority in sight for BJP. Profit taking apparent as Sensex comes off its euphoric highs. 

0945: B/C at 3.45 (287/83) while Sensex climbs 1400 points (5+%) today

0930: B/C ratio soars to 3.63. Leads Total: 436, BJP+ 243; Congress+ 67, Others 128. BSE Sensex up about 1000 points (4%)

0915: Leads: Total: 318, BJP+ 174; Congress+ 64, Others 80. B/ C = 2.72

0900 IST: Leads — Total: 296, BJP+ 165; Congress+ 61, Others +70. B/C = 2.7

The B/C ratio has been running at 2.5 – 2.7 through the first hour.

If the first hour of vote counting is representative of what is to come BJP will end up with around 2.5 – 2.7 times as many seats as Congress. So if Congress could end up with around 90 – 100 seats then BJP will get around 240 – 260. 

0800: Counting has begun. About 8,000 candidates, 1.8 million voting machines and about 550 million votes to be counted.

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