"The heightened volatility in the market continues. Even though the market is now oversold, sentiments are negative. The positive development from the market perspective is the exit poll projection of BJP doing well in UP. Declining bond yields in the US and the possibility of lower-than-feared rate hikes by the Fed are reliefs from the market perspective," said Dr V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
