Market sees UP poll results as a litmus test for the BJP

The election outcome in UP is being dubbed as the semi-final to the 2019 general elections

Markets have been consolidating and moving in a tight range ahead of the outcome of the assembly poll outcome in key states of Punjab, Uttar Pradesh (UP), Goa, Uttarakhand and Manipur – to be announced on March 11. Analysts say the outcome could create distractions (or positives) for the government and will be interpreted as a referendum on the government’s demonetisation drive. 

The election outcome in UP (the biggest state by population), is being dubbed as the semi–final to the 2019 general elections, and appears to be heading towards a close fight.

Here is a quick compilation of what the leading market