According to brokerage firm Bernstein, the Indian stock market is likely to experience profit-booking after the Lok Sabha elections, with the results acting as a catalyst. A pre-election euphoria is building up as projections indicate a strong showing for the BJP coalition, possibly winning over 400 seats. However, analysts believe that a post-election correction is inevitable, as markets may overreact to any perceived disappointment in the results. The analysts maintain that the macro story will ultimately prevail, with modest downsides expected while manufacturing and capex stories remain key themes.