Delhi polls result may not affect mkt much; like Dish: Pro

Exit polls have predicted a victory for Aam Aadmi Party (AAP) in Delhi elections that are expected to declare results on February 10. A loss of BJP government may lead to a further correction in the in the market which has been falling since past five trading sessions. However, Sandip Sabharwal of asksandipsabharwal.com believe Delhi election by itself is unlikely to cause much turbulence in the market. 

In an interview to CNBC-TV18, Sabharwal says the disappointing performance by most public sector banks in Q3 has raised doubts on the entire balance sheet of the sector leading to a further correction in the market. 

Going ahead, Sabharwal believes commodity space is under pressure and unless there is some cheer from the Chinese market on steel and other commodities there is not much scope in this sector.

Among specific stocks, Sabharwal is bullish on Sintex Industries, Praj Industries and Dish TV now.