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BSE Sensex and Nifty rise over 1 percent due to Delhi elections

Today, investors shrugged off worries that an anti-corruption party may win the Delhi state elections leading BSE Sensex and Nifty rising over 1 percent  on value buying in blue-chips such as ICICI Bank (ICBK.NS) after a seven-day losing streak.

Traders chose to focus on reforms in the upcoming budget on February 28 when Arun Jaitley,FM is widely expected to boost capital spending and offer tax breaks to an under-performing manufacturing sector.