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Markets   are gearing up for the outcome of Assembly elections in five states – Tamil Nadu, Kerala, West Bengal, Assam and Puducherry – scheduled for May 19. Though an unfavourable outcome for the Narendra Modi-led National Democratic Alliance (NDA) could trigger a knee-jerk reaction in the markets, analysts rule out a significant correction from the current levels. LIVE BLOG:  In 2 days, you will know the people's verdict: Jayalalithaa Factors like the progress of monsoon, corporate earnings, inflation trajectory and the Reserve Bank of India (RBI)’s stance on policy rates will be key in determining market direction over the next few weeks, they say. Also Read:  Kerala assembly elections : Will BJP make inroads this time? “The markets could see a negative knee-jerk reaction and come under pressure in the short-run in case the NDA were to lose in Assam, the only state where it hopes to win. Even then, I do not expect the Nifty50 index to slip below 7,500 lev...

A sharp rally in equity market post Union  Budget   2016 - 17 presentation has seen over 90% of stocks in the BSE 500 segment give a positive return in the past four trading sessions. As many as 466 stocks from the BSE 500 index have rallied by up to 42% since February 29, as the BSE Sensex gained 1,644 points or 7.15% in the last four trading sessions ending at 24,646 points on March 4. Show full article Read more from our special coverage on "MARKETS" India remains a buy-on-dips market: Prabhat Awasthi Markets  likely to open flat; steel stocks in focus Markets log best weekly gain in seven years on FII buying 3 amendments that resulted in bank rally Markets consolidate after 3-day run Is the worst over? Nifty faces big resistance between 7,450 and 7,600 India remains a buy-on-dips market: Prabhat Awasthi Use rally to exit PSBs, say analysts Global factors to drive markets from here on: Tirthankar Patnaik