Nifty can dip to 9,700 levels if BJP disappoints in Gujarat, say analysts

A tally around 150 in the state can see the index hit 10,700 levels going ahead, they add

Markets are likely to remain choppy over the next two trading sessions as they react to the exit poll outcome (Friday) and the counting of votes (Monday) for the recently held assembly elections in Himachal Pradesh and Gujarat. In a worst-case scenario where Narendra Modi – led Bharatiya Janata Party (BJP) secures less than 100 seats out of 182 that went to poll, analysts expect the Nifty50 to dip to 9,700 levels.

After a stellar rise of around 26% thus far in calendar year 2017 (CY17), the benchmark indices