Markets are already factoring in Modi's victory in elections, say analysts

Markets are already pricing in a victory for the Narendra Modi – led National Democratic Alliance (NDA) in the upcoming general elections, analysts say. Even though they may remain volatile in the run-up to the polls as political parties stitch up alliances, the long – term trajectory for the markets remains up, they believe.

“The events of the past eight weeks on the political front including various pre-poll formations, the farmer cash transfer scheme and the military action across