With mere two trading sessions, including today, for the stock markets remaining for the 16th Lok Sabha elections 2014 to get under-way, I would like to present some interesting statistics and comparisons of the last five Lok Sabha elections in India in comparison with the BSE benchmark index, the Sensex.
The markets have rallied smartly in the last two months or so, the BSE Sensex has registered a fresh all-time high of 22,621 just two trading days prior to the beginning of 16th Lok Sabha Elections in India. In terms, the Sensex soared over 9 per cent (1,873 points) in the last two months (February + March 2014).
The markets have been rallying smartly off late, with the benchmark NSE index, the Nifty, at all-time highs for the last four trading sessions. There is lot of talk of the markets been bullish on account of the upcoming elections, and forecasts of Modi-led BJP victory.