How will stock market react to election results? Here are 3 possible scenarios
[hfe_template id='11223']
[ad_1]
More than earnings, elections are keeping investors on the edge of their chairs with low voter turnout and numbers from the betting markets of Phalodi Satta Bazar fuelling pessimism on Dalal Street. So far in the month, Sensex is down over 1,700 points with FIIs pulling out Rs 28,000 crore from Dalal Street. At the end of the fourth phase, voting is now over in around 70% of the 540 Lok Sabha seats. The remaining 163 constituencies will vote in the next three phases which will be over by June 1. The lower voter turnout seems to have caught markets by surprise, given the wider expectation that BJP would be able to garner an overwhelming groundswell of support, as was the case in the previous 2019 elections, analysts say. On a weighted average basis, voter turnout so far has been 66.9%, which is lower than the 69% turnout in the first four phases of the previous 2019 elections. "The betting markets (Phalodi Satta Bazar) are indicating ...