Top stocks and sectors to bet on ahead of general election outcome

Analysts at Elara Capital recommend infra-based sectors, as they will remain in focus over the long run, irrespective of the election outcome.

The month of May has traditionally been a volatile period for Indian equities, especially in election years. In the last 10 years (since 2008), the benchmark indices, the S&P BSE Sensex and the Nifty50, have gained seven out of 10 times, with the outcome of the election acting as a key driver to the market movement.

In 2009, the markets had sky-rocketed 28 per cent after the United Progressive Alliance (UPA) emerged victorious on the back of an unanticipated rise in the Congress’ seat tally. They, however, plunged more than 16 per cent after the UPA came to power with