Benchmarks stayed on the back foot for the second straight session today as post-poll uncertainty in Karnataka and flaring up of tensions on the Korean peninsula sapped investor optimism.
The BSE Sensex logged a fall of 156 points to end at 35,387.88 today amid uncertainty over government formation in Karnataka and no let-up in selling by foreign investors.
Equity benchmark indices Sensex and Nifty surrendered all their gains to end in the red as investors resorted to fag-end selling after the BJP fell short of a clear majority in Karnataka elections.
Shiv Sena chief Uddhav Thackeray today challenged the BJP to hold elections through ballot papers to clear doubts over the use of electronic voting machines (EVMs).
After soaring over 436 points in early trade, stock markets entered the negative terrain towards the fag-end amid poll trends indicating that the BJP might fall short of simple majority in Karnataka.
Sensex soared over 436 points in late morning deals while the broader Nifty crossed the 10,900-mark after BJP looked on course to emerge as single largest party in K’taka
With oil PSUs deciding not to hike petrol and diesel prices ahead of Karnataka elections, IOC Chairman said the company has decided to "temporarily moderate" prices to avoid sharp spikes and panic.
Jaitley accused the Cong of fishing in troubled waters and adopting a fringe position over the issue of impeachment of the CJI which he said will hurt immediately the party in the Karnataka elections.
Benchmark indices posted marginal gains in choppy trade today as investors booked profit amid weak global cues.
Modi wooed Karnataka farmers to vote for the BJP in the May 12 state Assembly elections.
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