Bulls have upper hand in run-up to India election, history shows

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Key Points

The benchmark NSE Nifty 50 Index has climbed in the six months leading to the vote in each of the past five elections, posting an average 16% return during the period, data compiled by Bloomberg show..

As elections draw near, the government may increase spending to support consumption and boost sentiment, JPMorgan Chase & Co. strategists said in a note last month, while upgrading local equities to overweight...

Local polls results are not a good barometer of the national election and the BJP is likely to retain power despite the projected weakness at the state level, they said.. To be sure, expensive equity valuations and global headwinds underpin the markets expectation of Modi winning a third term...

The currency has gained an average 1.7% versus the dollar in the six months preceding an election, while the benchmark 10-year yield has dropped by an average 35 basis points in the period, data compiled by Bloomberg show...

Although the global geopolitical situation is not conducive and the inflation/interest rate situation does not seem to be under control, our markets may still attract flows, he said.. (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets..

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