The Samajwadi Partys decision to declare its first list of candidates for the Lok Sabha elections, 18 months before they are scheduled to be held in 2014, has set political circles in Delhi abuzz.

The SPs political googly, combined with Finance Minister P Chidambarams comment about the growth rate sliding to 5.5 this year, has also hit the Sensex.

The partys decision to release the first list of candidates and declare that it is ready for LS polls, months before the actual election, has led to speculations of a wide variety. Political experts are wondering if the SPs announcement indicates the possibility of snap Parliamentary polls being held in February 2013.