Karnataka election results 2023: After the incumbent Bhartiya Janata Party (BJP) led state government's rejection by the state electors in Karnataka State Assembly Elections 2023, stock market is expected to react on Monday. They advised investors to buy mid-cap IT stocks and those stocks that have delivered strong Q4 results. However, market would definitely react to this state assembly results and I believe that market may become an ideal sell on rise till Lok Sabha Polls 2024." On how Karnataka election results will impact stock market, Ravi Singhal, CEO at GCVL Broking said, "The Karnataka elections results are not a surprise and stock market has already discounted assuming BJP's loss in the state assembly polls. Birlasoft and Persistent Systems shares if they have any plans of bottom fishing in possible market correction after the Karnataka election results."

Source: Mint May 13, 2023 11:37 UTC