The stock market might also simply trust some more steam left in it if historical pre-election inclinations are to wander by. In step with IIFL Replace Compare’s survey of market performances before and after regular elections since 1980, the Sensex has returned a mean of 16% in the six months before the elections.
In the three months before the elections, the index has returned 8% on average. The brokerage has excluded years of fractured mandates — 1989 and 1998 — from its survey. Banks and energy were among the absolute top and basically the most constant performers in the mosey-up to the regular elections.
“Election years sow seeds of optimism backed by hopes of reforms and a proper mandate,” acknowledged IIFL’s Sriram Velayudhan.
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