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    Don’t read too much into market jitters, turnout

    Synopsis

    ​The logic of the 2024 verdict will inevitably be understood in hindsight. However, experience (and archival evidence) suggests that the magnitude of most electoral waves has escaped media comprehension. This includes the landmark elections of 1977, 1984 and 2014.

    The extent to which political developments affect the behaviour of financial markets is a subject of enduring interest. The growing tribe of technical analysts have evolved something called the Volatility Index (VIX) to track market choppiness during the months and weeks of political activity.India VIX was in the mid-30s in May 2014 when there were concerns over the outcome of the general election. It was significantly lower, a notch below 30,
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    The Economic Times