Mkts volatile amid ongoing polls
Markets witnessed high volatility initially rising and subsiding later during the last two elections held in 2014 and 2019, we can see same trend continuing
New Delhi: Lok Sabha elections and the stock market are deeply connected. Every election year, the market faces some volatility. This year has the same story as well. In 2014, the Lok Sabha elections were held in nine phases between April 7 and May 12 and the results were declared on May 16.
A big surge was seen in the market before the elections started in 2014. Nifty was at 6,041 points on February 10, which reached 6,776 points by April 7. During this period, Sensex increased from 20,414 points to 22,628 points. In the next three weeks, from April 7 to April 28, Nifty remained within a limited range of 200 points and Sensex remained within 500 points. The market once again witnessed a big rally from April 28 to May 19. Nifty reached 7,367 points. During this period, the Sensex also reached 24,693 points.
In 2019, the Lok Sabha elections were held in seven phases between April 11 and May 19 and the results were declared on May 23. The stock market went up before the election.
