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Bulls have upper hand in run-up to Lok Sabha elections, history shows
![IndiaTimes]()
Tuesday, 7 November 2023
India's benchmark Nifty 50 Index has historically seen gains in the six months leading up to general elections, with an average return of 16%. As Prime Minister Narendra Modi faces state polls this month, the government may increase spending to boost sentiment and consumption. Despite expensive valuations and global headwinds, the expectation is that Modi will win a third term. The rupee and bonds have also historically performed well before elections. Indian assets are seen as attractive due to earnings growth and the country's economy.
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Tuesday, 7 November 2023
