More upside possible if NDA makes 272 plus: UR Bhat

In a chat with ET Now,UR Bhat, MD, Dalton Capital Advisors, shares his views on market reaction on May 16.

ET Now: If there are two possible scenarios, the possibility of a major ally or a clear majority for the NDA? How do you think the markets will react to either of these two scenarios on Friday?

UR Bhat: On Friday clear majority for the NDA there might be some more sort of residuals steam left because even though substantially, the market will probably celebrate little bit. Some more upside could be there if NDA makes 272 plus on its own but if allies are required there would be some amount of trepidation as far and markets might correct a bit because it depends on what sort of ally you get. If there will be more than one ally required then that would create some sort of uncertainty for some time