Usually, we observe minor fluctuations in the stock market when the elections are around the corner. Particularly, when the electoral trends are indecisive and uncertain, there will be more fluctuations.
A similar trend is being seen in the case of the ongoing election season as well. The stock market has been fluctuating big time in the recent past.
On Thursday alone, the Sensex dropped by 1000 points while NIFTY fell by 345 points. This is a substantial drop ahead of the 4th phase of polling when Andhra Pradesh and Telangana will go to polls.
There are media theories that the stock market investors and buyers are skeptical about the electoral trends and that is why the markets have crashed so steeply in a single day today.
The initial impression that the NDA will clean sweep the polls by winning 400+ seats has diminished. Though NDA’s win is guaranteed, the margin could be a lot lesser than initially anticipated and hence the crash, opined a stock market observer.
This post was last modified on 9 May 2024 8:33 pm
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