Concerns over the margin of victory for the Narendra Modi-led Bharatiya Janata Party (BJP) government are stoking volatility in the equity markets.
The India Vix (volatility index), a measure of expected swings in the market over the next 30 days, rose for a ninth straight day on Tuesday to end at 17, the highest close since January 30, 2023.
This is the longest gaining streak for the index since the pandemic outbreak in March 2020.
Interestingly, the index, also known as the fear gauge, had finished at a record closing low of 10.2 just on April 23.
So what is fanning the fear among traders? Market experts say the low voter turnout during the first two phases of elections has triggered speculation that the ruling coalition's seat tally would be lower than last time around.
During the 17th Lok Sabha (LS) election in 2019, the BJP secured an emphatic 303 seats and the National Democratic Alliance (NDA) alliance over 350 seats, giving it the muscle power to carry out tough reforms.
هذه القصة مأخوذة من طبعة May 08, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة May 08, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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