Today, the nation is eagerly waiting for the Karnataka election results, Whether it will be BJP or Congress or JDS or others, who is going to win the race. With this today the Indian stock market has also shown a drastic change.
As per the reports, after opening low, Sensex has soared over 260 points in early trade today. As BJP took the lead in Karnataka election results Sensex took a fly. The overseas market in Asia was trading mixed. The investors assessed the prospect for trade relations between the US and China because of the tensions in the Middle East.
Right now the BJP is leading in 51 seats while the ruling Congress was in the front. According to the early trends, Congress was in 26 constituencies in Karnataka.
The BSE Sensex rose over 350 points, currently at 35928.35 as BJP leads in Karnataka elections while Nifty at 10919.15, tweets ANI.
Foreign portfolio investors (FPIs) bought shares worth a net Rs 717.99 crore while domestic institutional investors (DIIs) bought shares worth Rs 687.23 crore yesterday, as per provisional data.
On May 12 Karnataka has observed polling. On May 15, counting of votes began at 8 a.m. for 221 out of 224 assembly constituencies in 58,546 polling stations in the state. The elections in two constituencies, Jayanagar and Rajarajeshwari Nagar, both in Bengaluru have been postponed earlier due to some reasons.
In totality, 2,654 candidates, including 216 women candidates were in the fray for the Assembly Elections this year. The elections in Karnataka are being viewed by the Bharatiya Janata Party (BJP) as its gateway into the South. It may be noted that a party or an alliance needs 112 seats to form the government.