Election Result 2024 - Impact on Market | In Depth | Drishti IAS English

Markets turn particularly volatile during and in the run-up to the election season. Speculations, psephologists’ analyses, exit polls and rhetoric, among other things- all bear the potential to shroud equity markets in political uncertainty. On May 29, 2024, benchmark indices Sensex and Nifty declined about 1%. This marked an ongoing fall for the fifth consecutive day as investors turned cautious ahead of the Lok Sabha results. The 30-share BSE Sensex declined 667.55 points or 0.89% to settle at 74,502.90. The NSE Nifty dropped 183.45 points or 0.80% to 22,704.70. The volatility was initially experienced a fortnight back after speculations about a drop in seats for the BJP. Responding to the same, Home Minister Amit Shah stated that market would shoot up and attain newer records on June 4 - the results day.
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