FEATURE STORY

Gujarat’s local body election results have delivered a strong political message, with the BJP sweeping urban corporations, dominating municipalities and panchayats, and tightening its grip across the state, while Congress has suffered a sharp collapse and AAP managed only scattered, symbolic gains. The outcome is being seen as the first major political signal ahead of the 2027 Assembly elections.

Gujarat’s local body verdict

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As polling concludes across four states and one Union Territory, exit polls present a shifting political landscape for 2026. While the BJP is projected to dominate in Assam and maintains a slight edge in West Bengal, the battle for Kolkata remains tight with some pollsters backing a TMC victory. In Tamil Nadu, while the DMK remains a favorite, actor Vijay’s TVK has emerged as a major disruptor, with some polls even suggesting a hung assembly. Meanwhile, Kerala appears set for its traditional power shift with the UDF leading the race, and Puducherry looks likely to retain its NDA government.

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Indian benchmark indices rebounded on Wednesday as the Nifty 50 reclaimed the 24,100 mark and the Sensex surged over 600 points. Despite Brent crude soaring to $111 per barrel and the rupee hitting a record low of 94.81, a wave of strong Q4 earnings from heavyweights like Maruti Suzuki, Bandhan Bank, and CEAT fueled investor optimism. While West Asia tensions and the UAE’s exit from OPEC+ weighed on global sentiment, domestic buying by DIIs helped markets overcome persistent FII outflows.

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