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UP Polls: How mkt reacted to recent Assembly poll results

The market is keenly awaiting the results of the assembly elections in Uttar Pradesh, Uttarakhand, Punjab, Goa and Manipur, due on Tuesday. The verdict, especially in Uttar Pradesh, will be seen as an indicator of whether or not the Congress-led UPA government will be able to push through any meaningful reforms in the upcoming Union Budget.

March 05, 2012 / 06:57 PM IST

Santosh Nair
moneycontrol.com


The market is keenly awaiting the results of the Assembly elections in Uttar Pradesh, Uttarakhand, Punjab, Goa and Manipur, due on Tuesday. The verdict, especially in Uttar Pradesh, will be seen as an indicator of whether or not the Congress-led UPA government will be able to push through any meaningful reforms in the upcoming Union Budget.

Usually, the market discounts the election results quickly. What makes it different this time is the timing: barely 10 days before the Union Budget. With the domestic economy slipping into a lower gear and global headwinds looming large, the government

first published: Mar 5, 2012 12:04 pm

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