The BJP promise of stocks indice setting new records after June 4: Why market trajectory during current elections are broadly in line with past trends

Over the last one month, the domestic stock market has witnessed high volatility amid the ongoing general elections. While benchmark indices, the Sensex and the Nifty, have declined by only around 1 per cent so far in May. the India VIX, or the Fear Index, which is an indicator of the market's expectation of volatility over the near term, has crossed the 21-mark, reflecting investors' nervousness that has translated into highly volatile trade. The jitters in the market are seen as a manifestation of the uncertainty among investors about the outcome of the Lok Sabha elections, which has completed five…