Pre-election year: impact of challenges and drivers on equity market

1. Pre-election year: impact of challenges and drivers on equity market Knowledge is Power…

2. Question? • How many of you think that this year stock market will give • negative return • positive return • will remain neutral

3. Analysis - background • This is a special year: it is a pre-election year… • Analyzed last 6 Loksabha elections spanning over 20+ years • Size and maturity of economy changed but similar uncertainties • What are common Challenges and major drivers v/s the performance of Sensex

4. Elections v/s challenges

5. Elections v/s challenges

6. Elections v/s challenges

7. Elections v/s challenges

8. Elections v/s challenges

9. Elections v/s challenges

10. Drivers for the market during election year

11. Pre-election year performance of equity market… * Sensex performance of last 5 months before elections

12. Year 2009 performance – some high points

13. Fundamental factors during election year PE P/BV Div Yield * Sensex performance of last 5 months before elections

14. Thank you