Outcome of the Delhi Assembly polls due February 11 can at best trigger a knee-jerk reaction in the markets that can be used to buy for the long-term, say analysts. Though they caution that the benchmarks may remain choppy on the outcome day and are not yet discounting a loss for the Narendra Modi – led Bharatiya Janata Party (BJP), the bigger issue for the markets is now a pick-up in the economy, growth in corporate earnings and global cues.
“The elections will be keenly watched by political observers, but I do not see much impact on the markets in