look news india
Past figures bear witness that stocks have given rich returns to investors after every general election in India. In the resulting six-month period, the market has seen an upward trend every time. The first phase of the election, which began on April 19, 2024, will now be completed tomorrow. Exit polls will begin as soon as voting is completed on 57 Lok Sabha seats in eight states in the seventh phase on June 1. This exit poll will decide the real future of the stock market. However, if we look at the previous elections, it is clear that investors and the market are on defense mode during the election mode. After the results are declared, the stock market also rises in a phased manner.
The stock market rose 7.7 percent in a week after the 1999 general election results. After a decline in the second month, the stock market recorded a substantial rise of 15.1 percent in the third month. Then, six months after the 2004 election results, the stock market rose 11.3 percent. A massive surge was recorded in the stock market after the 2009 election results. After the 2009 election results, the stock market rose 14.1 percent in a week, 22.9 percent in a month, 26.6 percent in three months and 39.9 percent after six months. The market rose 2.0 percent a week after the 2014 election results, 5.4 percent in a month and 9.2 percent three months after the results, while it rose 17.3 percent in the six-month period after the results. Of course, the pace of the stock market after the 2019 election results remained slow but steady.
