Karnataka election results: Sensex and Nifty rose over 1 per cent at day's high.
The Sensex and Nifty ended flat today amid uncertainty over government formation in Karnataka. Though the BJP has emerged as the biggest party in the Karnataka elections, it is still short of majority, according to the latest trends. The Congress is making a bid to form a coalition government and has quickly arrived at an understanding with former prime minister Deve Gowda's regional party, the Janata Dal Secular. The Sensex settled 12 points lower at 35,543 while Nifty finished at 10,801, off 5 points. During the day, the Sensex rose nearly 450 points at day's high - trading between 35,993 and 35,497 - before paring most of the gains. The rupee also fell sharply today to 67.90 against the US dollar. The market breath also turned negative with BSE midcap and smallcap stocks also coming under strong selling pressure.