16-11-2023 02:43 PM | Source: Geojit Financial Services Ltd
"During the last five General elections the markets had rallied in the run up to the elections with returns ranging from 3.1% to 30.4% in the six months to the elections. Sharp movements after the elections happen only when the election results are totally unexpected. This happened after the 2009 elections when the UPA govt got a thumping victory and the market set a record, hitting the upper circuit twice.
Markets like stability and, therefore, the market’s preference would be the continuation of the BJP regime. But if the I.N.D.I.A alliance succeeds in toppling the NDA, there will be a sharp correction in the market. But the probability of such an outcome is very low now."
Quote on Impact of Elections on Markets from Dr. V K Vijayakumar, Geojit Financial Services
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Below the quote on Impact of Elections on Markets from Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"During the last five General elections the markets had rallied in the run up to the elections with returns ranging from 3.1% to 30.4% in the six months to the elections. Sharp movements after the elections happen only when the election results are totally unexpected. This happened after the 2009 elections when the UPA govt got a thumping victory and the market set a record, hitting the upper circuit twice.
Markets like stability and, therefore, the market’s preference would be the continuation of the BJP regime. But if the I.N.D.I.A alliance succeeds in toppling the NDA, there will be a sharp correction in the market. But the probability of such an outcome is very low now."
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