HPCL, which climbed 9.38 per cent in the previous session, tanked 4.49 per cent to hit a low of Rs 399. IOC, on the other hand, declined 3.78 per cent to hit a low of Rs 128.25.
A historical analysis of the past five general elections showed that the Nifty 50 moved higher in the six months leading to the polls on all occasions, with an average return of 21 percent.
HDFC AMC stock has given a return of 61.67 percent over the last six months. The benchmark Nifty50 index has given a return of 15.81 percent over the same duration.