BJP clean sweep unlikely to change market trajectory: Edelweiss

While a BJP win in Uttar Pradesh will boost investor sentiment, the market trajectory is likely to remain largely unchanged, according to Vikas Khemani, CEO, Edelweiss Securities.Investors are expecting a clean sweep by the BJP in the elections. Sanjiv Bhasin, Executive VP - Markets at IIFL is of the opinion that a BJP clean sweep or not, Nifty will touch a new high in the coming week."A stability in crude prices and the government's constant remonetisation efforts will ensure that market keeps treading upwards," he added.However, he added that the market may be a little volatile for the coming 3-4 four trading sessions.International market expert, Jan Dehn, Head - Research, Ashmore Invst, giving his opinion on how the foreign institutional investors (FII) perceive the exit polls outcome, said that a BJP win will be seen as a big positive for India as a whole. He reasons that FIIs were earlier worried of a possible backlash against Narendra Modi's demonetisation move. However, the exit polls show that the public is still rooting for Modi.Bhasin said the foriegn funds have started to come in. They will not consider the exit polls.The outcome of the state assembly elections will not hinder with the Centre's reform process and the steady macroeconomic growth in the country, said Sunil Kanoria Vice Chairman, SREI Infra Finance. "The NDA government's reform agenda will remain unchanged," he said.Although, he pointed out that support to the states where BJP wins would improve.Watch video for more.