Election outcome is a positive; investors should not rush to buy: U R Bhat

There should be a mild correction over the next few sessions and then a consolidation phase will set in, albeit with a negative bias.

The markets were in a celebratory mode on Thursday as the results have been better than what the markets were initially expecting. So, there was some relief on account of that. That said, the markets corrected a day after they reacted to the exit polls as well. So, irrespective of the final tally, the markets can correct from here on as well. There has been no change in terms of corporate earnings or economic parameters that can take the markets higher, more than the levels they are at now. There should be a mild correction over the next few sessions