Markets Eye Pre-Election Rally as Nifty Poised for Gains Despite Slow Start to 2024
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Nifty 50 index up just 1% in 2024 so far, but historically rises 14% on average in 6 months before elections
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Upcoming 2024 general elections key trigger; markets typically see pre-election rally
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Experts say large-cap stocks may lead next rally if US bond yields stay contained
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Markets seem to have priced in likely victory of current government
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Technicals show Nifty in rising channel, pointing to further upside potential toward 23,000-23,500 levels