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State poll outcome is not a big worry for the markets: U R Bhat

The BJP has not done well, especially in the large states. As far as the markets are concerned, the state election results do not matter much

U R Bhat 

Markets, Up, Down, BSE, NSE, Stocks
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The Bharatiya Janata Party (BJP) has not done well, especially in the large states. As far as the are concerned, the state election results do not matter much. This time around, people are extrapolating this to the scheduled in 2019.

I believe that the current dispensation at the Centre still has some hold over the electorate. This, in turn, is giving hope to the market. The have digested the bad and are now looking ahead to other events. The are still a few months away. In the interim, most negative information is already in the stock prices.

Going ahead, the market’s focus will turn to financial performance/quarterly results and the accompanying commentary, global developments. Domestic events will not matter much. That said, the replacement for at the (RBI) has to be found at the earliest. Even at RBI, I expect continuity of reforms and policies, which should augur well for the (As told to Puneet Wadhwa)

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U R Bhat is managing director, Dalton Capital Advisors. Views expressed are his own.

First Published: Tue, December 11 2018. 14:56 IST
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