Can Sensex give 60% returns again in 2024? How to manage your stocks in election year
equities are expected to see a lot of volatility. So most equity investors remain anxious about its impact on their investment.
They will try their best to make sure they do not end up losing their investment momentum in such a year.
“As with any major industry-influencing event, there are always volatilities around the general election, specifically 2-3 months prior to the event. This is very common and should always be expected,” says Sanjeev Govila, a SEBI Registered Investment Advisor (RIA), and CEO of Hum Fauji Initiatives, a financial planning firm.
The year 2024 is special as there will be presidential elections in the US as well.
“The Indian general election in May and the US Presidential election in November could make the markets jittery in the run-up to those events, but a cooling off in oil prices combined with the strong earnings potential of Indian companies paints a positive outlook for the market in 2024,” says Jaspreet Singh Arora, CIO, Research & Ranking.
Many investors would be taking a cue from recently held state elections. “The assembly elections have been decisive, and the market views it to be signalling a third term for the incumbent Modi government,” says Arora.
