What's next for the Indian stock market after Election results 2019 ?
What's next for the Indian stock market after Election results 2019 ? Despite the 2019 Election results in India, the stock market has not seen a big boost, but it is currently overvalued based on Market PE, what i had said earlier. As on Election results day, most of the Investors and traders have taken their profits. This is the first time on results day, the Indian stock market went down Since 1999. During the Election result days, the sensex was up 6 percent in the year 1999, 0.77 percent in 2004 and in the year of 2009, it was 17 percent. During the leadership of PM Narendra Modi, the sensex rose 0.90 percent in 2014 Election results day. Prior to the past movements on Sensex and Nifty, it should be remembered that the Indian stock market was in crash or correction mode. But, now this time that the market was seen as overvalued before Election results. Apart from the recent election results, there are other factors to impact the market in the near future like Global factors,