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Nifty pares early gains; all eyes on Karnataka election results


(Reuters) - Indian shares pared earlier gains to end largely flat on Tuesday after the main opposition Congress party said it would form an alliance with the Janata Dal (Secular) party to rival Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) in the assembly elections in the southern state of Karnataka.BJP looked set to win the largest number of seats in the assembly elections in the state, which would give Modi momentum for a re-election bid next year and open the path for more reforms, which investors view as a positive for markets. The broader NSE Nifty closed down 0.04 percent ...

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First Published: Tue, May 15 2018. 15:55 IST