PM Modi predicts 'stock market rally' from June 4: Should stock, mutual fund, gold investors tweak portfolio before Lok Sabha election results?

economictimes.indiatimes.com:

stock market traders to newbie mutual fund investors, all are waiting for June 4, 2024, to know the results of the Lok Sabha elections. In a recent television interview, Prime Minister Narendra Modi said that the stock market would have a rally once the election results are out. On whether the equity market was displaying nervousness because of concerns over election outcome, Modi said, «You see, the day election results come out, and throughout that week, those who punch trades will get tired.»

Barring other factors, a lower voter turnout in the last few phases of the ongoing Lok Sabha Elections 2024 has made the Indian market jittery because of rising uncertainty over the poll results. Market insiders anticipate the stock market to remain turbulent and highly reactive to the news until the conclusion of the elections. A few days back, Union Home Minister Amit Shah asked investors to buy the dip before June 4, 2024, as the market will shoot up after that. He had also said that it was unfair to attribute to the elections.

Lok Sabha election result on June 4, 2024: What should stock market, mutual fund, and debt investors do?

Now the question is what should investors do till the election results are out? Is it time to accumulate more stocks or avoid the volatility and play it safe? ET Wealth Online spoke to experts to figure out the right move for investors ahead of the results of the Lok Sabha Elections 2024. Here is what you need to know irrespective of whether you invest directly in the stock market or through equity mutual funds or invest in other asset classes such as gold or debt mutual funds.