29 December 2013
Share Markets are affected by elections because each party has its own set of industrial and trade policies. Change in govt results in change in policies, which in turn affect the growth of companies.
A market friendly party winning election will result in upward move. a hung parliament would result in uncertainty with downward bias...When Congress won 2009 election market had two upper circuits because of Manmohan Singh winning without support of Left parties (which are generally against markets).
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