A reduced majority, or even a loss for the Bharatiya Janata Party (BJP) in Haryana and Jammu & Kashmir (J&K) state elections is unlikely to ruffle the markets much, suggest analysts.
As thing stand, the markets, they said, have much bigger things to worry about such as the developing geopolitical situation in West Asia and its impact on oil prices, outcome of the US presidential polls in November and the upcoming corporate results season back home. Monetary policy of the global central banks, too, will be keenly eyed.