As the 2024 Lok Sabha elections draw near, there's a pertinent question to ponder: beyond voters, political parties, and leaders, who else is significantly impacted by these elections? Surprisingly, it's the markets! Join us in this insightful video as we delve into the potential impact of the upcoming Lok Sabha elections on the stock market.
The highly anticipated 2024 Lok Sabha elections are set to commence in just a month, starting from April 19 and spanning until June 1, divided into seven phases. With over 97 crore registered voters and more than 10 lakh polling booths equipped with 55 lakh Electronic Voting Machines (EVMs), these elections are slated to be the largest democratic exercise globally.
Despite the grandeur of the electoral process, can the stock market remain unaffected? Historically, election years have witnessed significant market movements, and 2024 seems to be no exception. The stock markets have been on a remarkable upward trajectory, mirroring the strengthening economy. For instance, in March 2024 alone, the NIFTY50 soared to a lifetime high of 22,526, while the SENSEX peaked at 74,245.
But why are election years crucial for the stock market? Investors and traders strive to anticipate the outcomes of major events like elections to strategically position themselves beforehand. However, market reactions post-election results vary. Analysing past elections, we observe that the NIFTY50 consistently yielded positive returns post-election, irrespective of the election outcome. Notably, the 2009 election year witnessed the highest returns, attributed partly to the recovery post the 2008 US financial crisis.
As we approach the 2024 Lok Sabha elections, market sentiment hinges on various factors, including the continuity of existing policies and the size of the winning party in parliament, influencing reform agendas.
Amidst the short-term volatility and uncertainty preceding elections, markets tend to stabilise post-elections as investors gain clarity. Nevertheless, prudent investors should reevaluate their long-term investment goals in response to any short-term market fluctuations post-election.
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