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How will the markets react to the India General Elections 2024 result?
Updated On: 03 June, 2024 09:29 AM IST | Mumbai | Krishna Prasad
In 2019, financial markets reacted affirmatively to general elections, after a clean sweep by BJP & Narendra Modi’s consecutive victory as India`s PM.
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PM Narendra Modi/ AFP
The India General Elections 2024 is one big hope for a better nation and a significant future. As we are done with the India General Elections 2024, standing at the crossroads, waiting for another big surprise, let’s talk about how the markets will react to the upcoming unpredictability. In 2019, the financial markets reacted affirmatively to the general elections, after a clean sweep by the BJP and Narendra Modi’s consecutive victory as the Prime Minister of India. The investors were thrilled to bits, and this optimism resulted in a surprising spike in the SENSEX by 1000 points and NSE NIFTY by 12,000 points. This was the instantaneous market reaction post-2019 general elections.
The Modi government has won the hearts of the Indian community for a decade. While the majority of Indians are expecting to see Modi and the BJP make a hat trick for the coming term, several reports claim that the margin of victory for Modi and the BJP government might be narrower than initially anticipated. The geopolitical tensions between China and India continue to be flat for a while now. The currency markets and FDI inflows may witness a slump if the geopolitical instability continues for the long term. If these general elections are favourable to the incumbent administration, the market will certainly take a spike in investment returns.
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