The state voted for 288 seats on Wednesday and the results will be announced on Saturday.
"Maharashtra elections should not have any major impact on the markets, which have been weak of late, thanks to the relentless selling by foreign institutional investors (FIIs). We don't expect any major correction or reaction (either way) on the result day, irrespective of the verdict. Investors should use this opportunity to buy stocks of quality businesses," said Manish Jain, chief investment officer at Centrum PMS.
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