Heres how Dalal Street has fared in run up to Lok Sabha elections
Historically, the market has delivered returns to the tune of 15-40 per cent in the election year over the past 25 years. With the 2024 elections being a key event facing Dalal Street in the near term, here's how the market has fared in the run-up to the general elections and post that in the past:
1999
The market favoured the bulls after the Atal Bihari Vajpayee government won in 1999 to form a government for five years.
2004
The Vajpayee government was expected to retain power, but the UPA shocked poll experts to form the government. The market lost a hefty 25 per cent in the run-up to the Lok Sabha polls. But it recovered from pre-election losses to reward investors with a return of 20-odd per cent in a year.
2009
The global market had hit a recession just a year ago, but the Indian market welcomed the UPA's comeback of to power as it gained 80 per cent and boosted investor sentiment.
2014
Narendra Modi was the face of the 2014 Elections. In anticipation to the BJP coming to power and Modi becoming the Prime Minister of the nation, the market witessed a pre-election rally of 18 per cent and after elections, there was another 19.5 per cent jump. So, the market jumped by 37.50 per cent.
2019
The Modi government was highly anticipated to retain its power in Centre. The market was in upbeat mood and soared by 15.40 per cent post elections.