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How the Sensex Reacted in Days Immediately After Election Results
May 24, 2019

It is interesting to see how the Sensex reacted in 2-3 days immediately after the election results were out over the years.

In 2004, it was expected that the BJP-led NDA combine would win, and the markets seemed to have factored that.

However, BJP's slogan then 'India Shining' and 'Feel Good Factor' failed to enthuse the people of India, and the reverse happened. The Congress-led UPA won the elections. The stock markets did not take this too well.

However, in 2009, the UPA won by a clear majority and the stock markets gave a big thumbs up. A lot was expected from the erstwhile PM Manmohan Singh at the time, and India's economy grew at a scorching pace since then.

However, it's in the second term of the UPA government that corruption, rot, and general apathy set in. The economy slowed down.

And the Modi-led NDA gained a thumping majority in 2014.

Indeed, in the run-up to the 2014 elections, the Sensex was already notching up gains, and the bull run continued for the rest of that year as well.

Today, the BJP clinched a roaring victory just like it did five years ago. The Sensex briefly touched the 40,000 mark, paving the way for Sensex 100,000.

Data Source: Ace Equity, Wikipedia

This Chart Of The Day was published in The 5 Minute WrapUp - After Modi's Win, These Stocks Picked by India's Top Investors Are Poised for Big Gains

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