Sensex zooms 260 points as BJP takes lead over Congress in Karnataka elections

Sensex zooms 260 points as BJP takes lead over Congress in Karnataka elections
Highlights

fter opening lower, benchmark Sensex soared over 260 points in early trade on Tuesday after the BJP took the lead in Karnataka assembly election results.

Early trends in the Karnataka assembly election show the BJP is leading while the Congress is in the front in constituencies in Karnataka

After opening lower, benchmark Sensex soared over 260 points in early trade on Tuesday after the BJP took the lead in Karnataka assembly election results.

Overseas, markets in Asia were trading mixed as investors assessed the outlook for trade relations between the US and China and tensions in the Middle East.

The BJP was leading in 81 seats while the ruling Congress was in the front in 48 constituencies in Karnataka, according to early trends till 10am.

The benchmark BSE Sensex rose 260.94 or 0.73% to trade at 35,817.65.

The broader NSE Nifty also jumped 70.50 points, or 0.65%, to 10,877.10.

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 on Monday, as per provisional data.

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