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Volatility is an important aspect for every investor since it provides with an idea about risk and reward chances in investment portfolio. In the last decade, the benchmark indices have gained seven out of ten times, with the election result as a key driver to the market movement. The market gained by not less than 28 percent when UPA came into power after defeating NDA. They however jumped quickly by almost 16 percent when UPA came to power with the assistance of Left back in 2004.The analystsdoi:10.35940/ijrte.c4889.098319 fatcat:tqcq4p4znngcpjg4ggmdwippyi