INSUBCONTINENT EXCLUSIVE:
The domestic equity market gained momentum in morning trade on Tuesday after trends showed the ruling BJP was leading in Karnataka
The BSE Sensex climbed over 400 points in morning trade, whereas NSE Nifty index reclaimed the crucial 10,900-mark
Here are the key factors that kept bulls charged in morning trade:Vote count tallyAfter opening on a cautious note, domestic equity markets
gained momentum after BJP took lead in Karnataka election results
Counting of votes for the Karnataka elections started at 8 am today
A high-stakes battle for Karnataka Assembly ended on Saturday evening, with over 35 million voting in an election crucial for the ruling
Congress as well as the BJP and the JD-S
BJP inched close to the majority mark of 113, is now leading on 111 seats as per data available till 10.25 am (IST).
Jimeet Modi, Founder
This is a positive surprise to the market
These results can be presumed to be harbinger for 2019 elections which is why the market is rejoicing
Populist measures which were earlier expected may not actually happen which would be considered good by all the international and local
benchmark equity indices on Tuesday
Tata Steel, HDFC Bank, Kotak Mahindra Bank, Reliance Industries, ICICI Bank, Tata Consultancy Services, YES Bank, IndusInd Bank and Bajaj
Auto were up between 1 per cent and 2.50 per cent
More to come
