NEW DELHI: The die is cast in the key Karnataka election. But the findings have all but left investors scratching their heads.Nine such exit polls predict 100 (average) out of 222 seats for the BJP . "The market could view the Karnataka election results as a litmus test of the BJP’s popularity in the run-up to the next general elections. But we do not share this view because state elections are often dominated by local issues," said Sonal Varma of Nomura India. In the December Gujarat election, the BJP managed to retain its mandate, but suffered heavy losses in its rural constituencies.

Source: Economic Times May 14, 2018 08:52 UTC