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Market opens mixed as Karnataka exit polls suggest hung assembly, Sensex opens flat
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
The Indian market on Monday opened mixed as the Karnataka exit polls suggested hung assembly for the state. The BSE Sensex opened flat at 35,529 points and the NSE Nifty opened at 10,816 points. Indicating a tight race between the BJP and the Congress, most exit polls for the Karnataka Assembly elections forecast a hung …
The Indian market on Monday opened mixed as the Karnataka exit polls suggested hung assembly for the state.
The BSE Sensex opened flat at 35,529 points and the NSE Nifty opened at 10,816 points.
Indicating a tight race between the BJP and the Congress, most exit polls for the Karnataka Assembly elections forecast a hung assembly with the JD(S) likely to play the kingmaker, but were divided on which of the two national parties will emerge as the largest in the House.
The exit polls run by Republic TV-Jan Ki Baat and ABP-C Voter predicted that the BJP will emerge as the largest party by getting 95-114 and 97-109 seats respectively.
The Indian market closed at over three-month high on Friday, due to major gains in heavyweight stocks such as HDFC, HDFC Bank, Reliance, ITC and ICICI Bank.
Asian Paints also had a positive outing as its Q4 earnings exceeded the expectation. The stock gained more than 5% in trade.
The BSE Sensex and the NSE Nifty gained 1% each with the Nifty closing at 10,807 and the Sensex at 35,536.
Hindustan Unilever, Dr Lal PathLabs, Bombay Dyeing, Blue Star, among others will declare their quarterly earnings today.
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