All eyes on Assembly elections 2017 results

For the markets, a BJP victory seems to be already priced in, according to analysts; still, the election results will be the key trigger when the markets open on Tuesday after a long weekend


Santosh Sharma/Mint
Santosh Sharma/Mint

New Delhi: Exit polls on Thursday may have signalled victory for the ruling Bharatiya Janata Party (BJP) in the assembly elections in Uttar Pradesh as well as Goa, Manipur and Uttarakhand, but the stock market held its breath on Friday.

Although the BSE’s benchmark Sensex rallied briefly, it ended little changed as investors set their sights on the actual poll outcome, which will be known on Saturday.

The rupee, however, strengthened to a four-month high, closing 0.2% higher at 66.61 against the dollar on Friday.

For the markets, a BJP victory seems to be already priced in, say analysts. Still, the results will be the key trigger when the markets open on Tuesday after a long weekend.

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