Stock market price: A famous brokerage firm, UBS said that if BJP wins majority of the seats then stock market price will be at their peak. Company further said that S&P, BSE sensex and NSE Nifty50 will see their new high prices.
Lok sabha election 2024 impact on stock market price
Company said that if India bloc wins the lok sabha elections 2024 then stock market price could lower. The reason behind the stock market price declination is the multiple parties dominance in India bloc.
According to the lok sabha elections polls, BJP seems to dominate the lok sabha elections 2024 again and India Bloc will struggle.
Stock market price after lok sabha elections 2024 result
The brokerage firm emphasized that although there may be short-term market fluctuations due to election outcomes.
Historical trends show that these tend to correct themselves over the medium to long run as investors and businesses adjust to new government regulations.
The brokerage firm said that any market underperformance caused by election results typically reverses in the medium to long term as investors and businesses acclimate to new government policies.
If BJP wins with majority
In the event that the BJP manages to maintain its single-party majority. Opinion polls suggest that UBS predicts a positive outlook for the markets.
This is due to the expectation of policy continuity and the potential for further reforms such as disinvestment, the land bill, and the uniform civil code, which will depend on the number of seats won. UBS stated that overall, they anticipate a positive sentiment in the financial market.
If BJP wins with average seats
If the BJP is unable to retain its single majority but forms a government with the NDA holding a majority of over 272 seats, there may be a slightly reduced level of confidence in policy stability among the markets.
This could result in a slower pace of fiscal consolidation than initially anticipated. While there may be pressure from other political alliances, overall macro stability is expected to persist. It will lead to a mixed impact on financial markets.
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