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Indian share market today will behave volatile due to election results in UP. UP election results today will drive share market volatile. Nifty today will behave edgy and choppy at some time. Do not take any long positions as election results may drive the share trend. Just watch and do not take any positions in the market.
EFFECT OF UP POLL RESULTS ON SHARE MARKET
Indian share market is eagerly waiting for the election results to take a decisive direction. Market was pricing in Congress- Samajwadi Party alliance two-three weeks back and what is shown in the exit polls has been a disappointment to that end. Market has corrected about 6-7% from the 20th February highs so there has been some cognisance of this fact that Congress may not be in a big position in UP. The stocks that need to worry with SP gaining power is JP Associates while ADAG group stocks and sugar stocks will be rejoicing.
Latest News Updates from Assembly Elections 2012:
UP Election results : SP leading in Cong stronghold Amethi, surprise gains for BJP, SP leads in Paschim Uttar Pradesh, BJP leads in Poorvanchal, Awadh, Jhansi |
Uttarakhand Election results : Cong, BJP in neck-to-neck battle |
Punjab election results : Akalis surge ahead | Early leads for Congress in Manipur |
Goa election results : BJP leading in one seat.
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