After BJP‘s thumping victory in Uttar Pradesh assembly elections, political parties will look for scapegoats. There will likely be voices and concerns raised on how Samajwadi Party, Congress and Bahujan Samaj Party went about campaigning for the state election.
SP Tulsian of sptulsian.com tells CNBC-TV18 that he has a negative view on the market post the Budget.
In the current market scenario, Nischal Maheshwari, head of research at Edelweiss, tells CNBC-TV18 that the best bets are names from the consumption space, especially autos, private sector banks and the IT industry.
Political analyst, Yogendra Yadav believes that Samajwadi Party is set to have an unprecedented victory in the history of UP polls. Check out his comments on CNBC-TV18.
With the impending election results from UP, what effect shall it have on the market and which side will it trade today?
A small two hour truncated session on the back of global markets which were quite sluggish and flat last evening, should see the Nifty start off on a flattish note today, says CNBC-TV18's managing editor Udayan Mukherjee.
The last couple of days have seen more than a 100 point move on the Nifty, first down and then up. But it was a terrific bounce back yesterday, says CNBC-TV18's managing editor Udayan Mukherjee.
The market started with a modest gap down today, almost flattish, but then, it kept on sliding through the day as pressure kept building up. CNBC-TV18's Udayan Mukherjee wraps up the market trade for the day.
The relief rally is now a rally rife says Sandeep Shah (CEO of Sampriti Capital). The market is in animal spirits waiting for positive outcome on UP elections, good budget & a CRR cut. Though the weakest power & infra companies have doubled in value in 45 days, it is best to cash out some profit pre UP election results.