Markets down after BJP flip-flap in Karnataka

The benchmark BSE Sensex linked to political stability in the country dived again on Wednesday by over 200 points as a hung house prospects rose in Karnataka after May 12 elections.

At 9:43 AM, Sensex was down by 256.15 points to trade at 35,282.74 points while Nifty was in red at 10,716.90 points. Bank, steel, and commodity markets were down after phenomenal rise on Tuesday till noon before prospects of BJP government fell off.