How will the state poll outcome impact the market sentiment on Tuesday?

What would worry the market or bring in long bearish phase is any possible instability at the Centre in terms of any National Party being forced to depend on too many political parties

We firmly believe that the results of state elections, which would be declared on Tuesday (11th December), do not matter much for the stock markets. There may be a knee-jerk reaction in the markets depending upon the outcome, but it shouldn’t give any fear for the markets for two reasons. 

Firstly, the objectives of state elections are different from those of general elections. While state elections are generally influenced by anti-establishment waves and local political issues, the elections for the Lok Sabha are largely fought for all-India leadership. 

Secondly, both BJP and Congress parties are pursuing the capitalist path to