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Delhi poll outcome at best may see a knee-jerk reaction in markets

Though the benchmarks may remain choppy on the outcome day and a loss for the Narendra Modi - led BJP is not yet discounted, the bigger issue for the markets is now a pick-up in the economy.

Markets
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Markets

Puneet Wadhwa New Delhi
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

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