Lok Sabha election uncertainty to keep India's stock markets jittery: Poll

An alliance of regional parties would be the worst outcome, knocking the market down 7.5 percent in the vote's immediate aftermath, according to the poll replies.

How Indian shares fare this year will depend heavily on the outcome of national elections in May, with market experts polled by Reuters saying a majority win for the ruling party would be the most favourable outcome for equities.

Since hitting a record high of 38,989.65 on Aug. 29, the BSE Sensex index has fallen roughly 8 percent. This year, it is down about 0.3 percent, as there has not been the kind of recovery from late 2018’s deep equities sell-off that other major stock indexes have had.

The absence of a 2019 rally partly driven by increasing uncertainty before the election,