Indian Equity Markets can witness another rally ahead of General Elections 2024 in 6 months
General Elections in about six months. As per historical records and the current market scenario, experts anticipate yet another pre-election rally.
Livemint spoke with market and political experts to understand the impact and outlook of upcoming General elections on equity markets. “Sensex has shown remarkable resilience amidst political chaos that has happened ahead of the past 11 general elections held between 1980 to 2019.
Within the six months before each election, the BSE benchmark has generated an average of 14.3% return over 39 years, highlighting the stock market's ability to navigate and thrive in the middle of political speculation and changes," said Apurva Sheth, Head of Market Perspectives & Research, SAMCO Securities. “The long-term outlook of the market remains intact, given an array of positive factors such as strong FPI inflows, softening commodity prices, pick-up in credit growth, strong bank balance sheets and capex revival," Ravi Singh, Founder of DRS Finvest opined.
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