Major News and Events of 16 May 2014
What Happened on 16 May 2014
AAP's performs poorly in the Lok Sabha elections
Indian stock market breaks all-time high records
RJD chief Lalu Prasad's wife and daughter lose in elections
TRS wins on six Lok Sabha seats in Telangana
Arvind Kejriwal disappointed over party's performance in Delhi
With an early lead of 265 the Bharatiya Janata Party is all set to form the government at the centre, whereas the Congress who ruled for a decade has seen the most unpleasant defeat. Right from the beginning of the counting BJP was ahead of all other political parties. BJP’s prime ministerial candidate Narendra Modi won both from Vadodara and Varanasi. Other senior members of the BJP, Nitin Gadkari also won from Nagpur, Rajnath won from Lucknow, and L K Advani from Gandhinagar.
The Aam Aadami Party (AAP) won on just a few seats in Punjab. The AAP candidate actor-comedian Bhagwant Mann won the Sangrur seat by defeating former Union Minister Sukhdev Singh Dhindsa of the Akali Dal, and the sitting MP Vijay Inder Singla of Congress. AAP candidates were also leading in Faridkot, Patiala and Fatehgarh Sahib seats in Punjab. In spite of popularity, AAP’s Gul Panag could not make it. The party’s performance was very poor in the rest of the country also. The Party Chief, Arvind Kejriwal was also defeated by BJP’s Narendra Modi in Varanasi.
The Indian stock market is witnessing all-time high records. This is happening because of the trends and counting showing the win of BJP’s Narendra Modi. The 30-scrip S&P Sensex of the Bombay Stock Exchange started at 24,271.54 points and reached 25,375.63 points. But, tremendous volatility has been seen in the market and no negative trend has been observed in the Sensex. Volatility trading of the Nifty remained between 7,130.65 points to 7,563.50 points.
Former Chief Minister Rabri Devi, and her daughter Misa Bharti lost in the Lok Sabha elections from Saran and Patliputra parliamentary constituencies, respectively. Wife of RJD Chief Lalu Prasad Yadav, Rabri Devi, and his daughter Misa Bharti, were contesting against Bharatiya Janata Party candidates Rajiv Pratap Rudy and Ram Kirpal Yadav. The peopl in the constituencies chose the BJP candidate. Lalu Prasad Yadav won his first elections from Saran in 1977.
The Telangana Rashtra Samithi (TRS) won six seats in Telangana. The Medak Lok Sabha constituency seat was won by Party chief K Chandrasekhara Rao, whereas his daughter K Kavitha won from the Nizamabad seat. Other TRS members also won the Adilabad, Zahirabad and Karimnagar constituencies. One seat was retained by the Congress. In Hyderabad, the Majlis-e-Ittehadul Muslimeen (MIM) was close to majority.
The AAP did extremely well in Delhi Assembly elections, but the Party Chief Arvind Kejriwal is highly disappointed with the outcome in Delhi Lok Sabha elections, where the party is losing from all the seven seats, while BJP is maintaining the lead. As per media reports, Kejriwal is happy with the party's performance in Punjab. He also said that, the people's decision is of utmost importance in a democracy.