Anupam Mittal says investors will see independent judiciary, EC as 'a very positive sign'

This comes two days after Anupam Mittal celebrated the people's mandate, especially in Uttar Pradesh.

Shark Tank India judge and People Group owner Anupam Mittal on Thursday said that after the declaration of the Lok Sabha elections, investors will see the independent functioning of the judiciary and the election commission as a positive sign for the markets in the long run.

"Whether you like the election result or not, lets celebrate India’s most imp democratic institutions -- the judiciary and the election commission -- both are strong and independent, as the last few months prove. Investors will see this as a very positive sign," he wrote on X.

Whether u like the election result or not, lets celebrate India’s most imp democratic institutions - the judiciary & the election commission - both are strong & independent, as the last few months prove. Investors will see this as a very positive sign. Markets long term >

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— Anupam Mittal (@AnupamMittal) June 6, 2024

On June 4, the "Shark" had celebrated the people's mandate, especially in Uttar Pradesh. "That’s why they say ‘never underestimate the power of the common man’. Now all eyes on BJP internal power dynamics and NDA politics. Picture abhi baaki hai," he said.

Meanwhile, India’s stock markets have seemingly shrugged off the shock of the election results -- overcoming early concerns of the BJP failing to secure a majority on its own -- and have rebounded on renewed confidence in the continuation of the NDA coalition government.

This is evident from the sharp rise in the benchmark indices after the 6 percent fall of June 4, when the votes were counted. The NSE Nifty 50 jumped as much as 3.4 percent on June 5, and extended gains by another 1.2 percent on June 6, topping 22,900 points intraday.