Assembly elections 2017: Markets are pricing in a BJP win in UP

An unfavourable outcome could see 8-10% correction over three months

Puneet Wadhwa  |  New Delhi 

After a 3,000-point, or 12 per cent, rally in the S&P BSE Sensex from its December lows, the market is headed for a period of volatility, as it gears up for the outcome of the ongoing Assembly polls. The outcome of the polls in Punjab, Uttar Pradesh (UP), Goa, Uttarakhand and Manipur — to be announced on March 11 — could create distractions or positives for the government and will be interpreted as a referendum on its note ban drive, experts say. Experts say the markets will remain range-bound but choppy till the outcome of the Assembly elections is known. While most ...

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Read our full coverage on Assembly Elections 2017

Assembly elections 2017: Markets are pricing in a BJP win in UP

An unfavourable outcome could see 8-10% correction over three months

An unfavourable outcome could see 8-10% correction over three months After a 3,000-point, or 12 per cent, rally in the S&P BSE Sensex from its December lows, the market is headed for a period of volatility, as it gears up for the outcome of the ongoing Assembly polls. The outcome of the polls in Punjab, Uttar Pradesh (UP), Goa, Uttarakhand and Manipur — to be announced on March 11 — could create distractions or positives for the government and will be interpreted as a referendum on its note ban drive, experts say. Experts say the markets will remain range-bound but choppy till the outcome of the Assembly elections is known. While most ... image
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