However, analysts believe that post Karnataka elections, all focus will return to existing risks. Here are views of markets analysts on the election outcome:Amar Ambani, partner and head of research, IIFL Investment ManagersEarly indications suggest a strong lead for BJP, just short of absolute majority, in Karnataka Assembly elections. Short-term relief gains are likely in the domestic markets, particularly the currency, before attention returns to the prevailing exogenous risks. Jimeet Modi, founder and CEO, Samco Securities & StockNotePreliminary indications suggest massive loss to Congress and corresponding gains to BJP and JDS alliance. These results can be presumed to be harbinger for 2019 elections which is why the market is rejoicing.

Source: Mint May 15, 2018 07:52 UTC