June 1, 2024 3:04:36 PM
The results of the Lok Sabha elections will be known on June 4 and investors will be keen to see how many seats the Street-backed BJP will win. Let’s take a look at how the benchmark index Nifty performed on the day results were announced for the past four general elections, the day after and the five trading days thereafter.
AP
On the day the election results were announced, the Nifty fell 12.24%. It recovered 8.3% the next day. In the five days following the announcement of the election results, the index rose nearly 16%.
On election day, the Nifty rose 17.74% before slipping marginally by 0.11% the next day.In the five days following the election results, the index ended down 2%.
agency
The Nifty rose 1.12% on the day of the election results announcement and further increased 0.84% the next day. In the five days following the announcement of the election results, the index rose 2.28%.
ET Contributor
The Nifty fell 0.69% on the day the election results were announced but recovered 1.6% the next day. In the five days following the announcement of the election results, the index rose 2.48%.
ETMarkets.com
