Pre-election rally: Can Nifty hit 24,000 in March? Here's what history says

The BSE Sensex has gained on an average 7.7 per cent in the month of March in the last three general election years. Will history be repeated?

Indian equity benchmark indices have been scaling record highs in recent trading sessions on the back of positive global cues, hopes of interest rate cut in the US and economic growth optimism.

Analysts also attribute the upbeat mood in the markets to hopes of BJP-led Modi government regaining power at the Centre in the upcoming general elections this year.

A closer look at the market data, in the past three election years, reveals a very promising picture for the benchmark indices in March 2024.

If history were to be repeated, the NSE Nifty can scale mount 24,000 and the S&P