I am not sure of the stock market impact because MP state may not be very critical to that. However, the crisis in the state of Madhya Pradesh came to a boil after Scindia resigned from the Congress party after a meeting with Narendra Modi and Amit Shah. Immediately, after his resignation, Sonia Gandhi announced the expulsion of Scindia from the Congress Party. Scindia had been disappointed that he had been sidelined by Kamal Nath in the state of MP. The resignation of Scindia puts the Congress government in MP in danger as the 22 resignations have reduced the Congress to a minority. It remains to be seen how Kamal Nath manages the situation as he belongs to the old school of politics. But it does look like the BJP could be back in MP and the markets should actually be happy with the BJP restoring its position in the Hindi heartland.