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Post assembly election results, markets to shift focus to Covid and earnings

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assembly election result of four states and one union territory. Trends in the election results so far indicate Trinamool Congress (TMC) taking the lead while the Bharatiya Janata Party (BJP) have crossed the majority mark in Assam and Left Democratic Front (LDF) in Kerala.While current assembly election account for 21% of India’s gross domestic product (GDP) with similar share in the number of seats in Parliament, it indicates electoral significance but analysts do not yet expect it to bring any major economic policy disruption.

Among states, the most keenly watched elections was West Bengal. A win for the BJP for first time ever would further strengthen ruling party's presence in Eastern India.“We do not expect a negative reaction due to.

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