Market

Market opens flat amid political uncertainties; HDFC Life dips 5%

Updated : May 15, 2018 09:32 AM IST

The market has opened flat amid the political uncertainties ahead of the Karnataka elections verdict which will be out today.

The BSE Sensex opened at 35,567 points and the NSE Nifty at 10,800 points. The HDFC life stock has dipped more than 5% in the opening trade.

Lupin, Britannia, Reliance Communications, PNB, will declare their quarterly results today.

Market opens flat amid political uncertainties; HDFC Life dips 5%

The market has opened flat amid the political uncertainties ahead of the Karnataka elections results.

The BSE Sensex opened at 35,567 points and the NSE Nifty at 10,800 points. The HDFC life stock has dipped more than 5% in the opening trade.

The investors are trading cautiously ahead of the elections, for the second consecutive session.

Oil marketing companies along with HCL Tech and Tata Motors are the top index losers. The OMCs are losing in trade after the fuel hike. The fuel hike came after the Karnataka polling.

The Hindustan Unilever stock is among the top gainers today after posting robust quarterly results.

Karnataka election results are expected to be announced today where the exit polls suggested a hung assembly for the key southern state, with majority suggesting BJP becoming the single-largest party and JD(S) as a kingmaker.

Lupin, Britannia, Reliance Communications, PNB, will declare their quarterly results today.

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