Repeat of 2004 shock defeat for BJP seems unlikely: Chris Wood

Jefferies' Global Head of Equity Strategy Christopher Wood said, "A repeat of the shock BJP defeat in 2004 remains unlikely in the extreme." "At that time...Sensex corrected by 17% in the two days after the election results," he said. "There would be an even worse outcome in the event of a repeat of such a shock result," he added.