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Sensex, Nifty rise on likely BJP win in Karnataka

Reuters 

By Jessica Kuruthukulangara(Reuters) - Indian shares traded higher on Tuesday, with banking stocks contributing to most of the gains, as Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) seemed likely to win the assembly elections in Karnataka.The BJP was leading against the main opposition Congress party as counting progressed, after an election seen as a measure of Modi's popularity ahead of general elections next year. "The major thing investors look out for is a stable government and a decisive mandate is something markets always take positively. Going by last few weeks' trends, ...

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First Published: Tue, May 15 2018. 11:18 IST
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