India’s equity markets are likely to witness high volatility after the results of Assembly Elections in five states namely Rajasthan, Telangana, Chhattisgarh, Madhya Pradesh and Mizoram. Exit polls have indicated a possible congress return in Chhattisgarh, BJP’s victory in Rajasthan, a tough contest between BJP-Congress in Madhya Pradesh, a likely MNF victory in Mizoram and a possible Congress lead in Telangana. Actually it is true that the market is heavily affected by elections and its result can be seen later.
In reality due to elections there are many markets which outperform and some underperform but whatever be the ultimate effect it is not going to affect people much. India is a democratic country and in India election have a major role. People need to take election seriously but with it they should keep in mind that it doesn’t affect the market much as finally it will harm the common people.
