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The markets pared gains to turn flat on reports of Congress-JD(S) alliance in Karnataka
The markets pared gains to end in red after reports of Congress-JD(S) alliance in Karnataka. According to media reports, JD(S) has accepted Congress' proposal of making HD Kumaraswamy the state's chief minister.
The S&P BSE Sensex ended at 35,544, down 13 points while the broader Nifty50 index settled at 10,802, down 5 points.
Trends suggest Narendra Modi-led Bharatiya Janata party (BJP) is leading , but is still short of majority in Karnataka
A high-stakes battle for the Karnataka Assembly ended on Saturday evening, with over 35 million voting in an election crucial for the ruling Congress as well as the BJP and the JD-S.
First Published: May 15 2018 | 3:30 PM IST