• Mr Ramraj Malav
• Ms Nirali Kantharia
• Dr. FATEMABIBI ABUBAKER SALEHBHAI

The stock market is widely utilized as a stand-in for other indicators of an economy's health. This study looks at how the general elections and the government transition affected the Indian stock market. From 2014 to 2024, three Indian general elections are covered by the study. The influence of election results on the stock market is then calculated using the event research approach and secondary data from NSE India. The study first confirms the linear relationship between the market index and securities returns. There is a lot of fluctuation in the daily stock returns during the event period. Significant returns, both positive and negative, are observed, particularly following the announcement of the election results. Regression analysis is used to examine how an event affects a variable. Election period is treated as a dummy variable, with before and post periods being assigned values of 0 and 1, respectively. Results from the elections in 2014 and 2019 indicate noteworthy outcomes, indicating that a shift in the political landscape affects the stock market. The data also reveal that the market exhibits more erratic returns during the 2019 election, which is the first held following the change in government. However, the outcomes of the 2024 election are unimportant. According to the report, investors should be cautious during elections and should modify their investment plan accordingly, especially if a change in administration is predicted.

General Election, Stock Market, SENSEX, Event Study, Investors, Brokers

"An Analysis of Effect of General Election on Indian Stock Market ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 6, page no.h819-h828, June-2024, Available :http://www.jetir.org/papers/JETIR2406787.pdf

"An Analysis of Effect of General Election on Indian Stock Market ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 6, page no. pph819-h828, June-2024, Available at : http://www.jetir.org/papers/JETIR2406787.pdf