A trader sits next to a screen showing a graphic of Narendra Modi on the trading floor of the Motilal Oswal Financial Services Ltd. office in Mumbai, India. (Photographer: Vivek Prakash/Bloomberg)
The Lok Sabha elections have always caused panic in the Street, from foreign investor outflows to rising volatility. But the spike in market volatility seems to be the highlight this time around, like never before.Since the beginning of phase 1 of the general election, India's stock volatility gauge has surged over 80%. The spike was due to the uncertainty in the election verdict resulting from a lower voter turnout.Phase 6 had an al...