According to market experts, there may be volatility in the coming days but in the long run the market will give positive returns. Both Sensex and Nifty rose on Wednesday.

Investors should focus on largecap and well-valued stocks. He said, 'Once the new government is formed, stability will return to the market.'

Amar Ambani, executive director, Yes Securities, said, "Indian equity valuations were already quite rich, and election results day presented the perfect reason for the market to correct itself. Just, where do we stand now on market multiples? "Based on this, I would say, 'Another 10 per cent improvement cannot be ruled out, but adjustments are made based on the election results, if the NDA forms the next government with Prime Minister Narendra Modi,' he said. Will remain confident to a great extent.

Pradeep Gupta, co-founder and vice-chairman, Anand Rathi Group, said the market's immediate reaction to the election results has been volatile, but the overall long-term outlook remains positive, especially if policy continuity is maintained.

"Investors are encouraged to stay informed, focus on fundamentals and be prepared for short-term fluctuations," he said.

Sectors such as infrastructure, defense and capital goods are expected to benefit from policy continuity and the government's focus on development projects.

Experts said largecap stocks are preferred for their stability and resilience against economic fluctuations.