After a stellar 2023, Indian markets are set to pause until the general elections

India is preparing for its upcoming general election, which will take place between April and May. However, investors expecting significant market rallies in the coming months may be mistaken. While the Indian benchmark indexes have seen a 6% rally since the state elections in December and reached record highs, experts believe that another major rally will only occur if the Reserve Bank of India decides to cut interest rates, which is anticipated to happen in the second half of this year. Analysts caution that the optimistic sentiment witnessed in the stock markets last year will not be replicated before the completion of the general election.