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Sensex falls as state election outcome disappoints


By Arnab Paul(Reuters) - Indian shares fell on Wednesday as doubts over the composition of the next government in the southern state of Karnataka dampened investor risk appetite.Prime Minister Narendra Modi's Bharatiya Janata Party (BJP)won 104 seats, falling marginally short of the 113 seats needed to form a government, while the opposition Congress clinched 78.The Congress said it was ready to let regional party Janata Dal (Secular), which stood third with 37 seats, to form a government to stop the Hindu nationalist BJP from taking power.However, analysts say the ...

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First Published: Wed, May 16 2018. 12:27 IST