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While there is no such thing as the law of averages, the popular belief reflects one of the fundamental laws of statistics, albeit applied incorrectly. It is called the law of large numbers.
Domestic market benchmarks the Nifty 50 and the Sensex ended at their record closing highs, clocking robust gains on Monday, December 4, after the Bhartiya Janata Party (BJP) registered victories across three major states, raising hopes that the party will be able to retain power after the General Elections 2024 and the country will see a stable government.