Exit polls predict BJP win in UP, but Dalal St euphoria to fade away soon

Like Bihar elections, this event would also be forgotten by the markets within a week, analysts say

Exit polls have predicted a victory for the Bharatiya Janata Party (BJP) in the key state of Uttar Pradesh (UP) that is being dubbed as the semi–final to the 2019 general elections, and appeared to be too close to call.

Over the past few sessions, the markets have been moving sideways, consolidating the 9% gain made thus far in calendar year 2017. Analysts say the outcome could create distractions (or positives) for the government and will be interpreted as a referendum on the government’s demonetisation drive. 

Here is a quick compilation of what the leading market experts think about the