Domestic markets are likely to see a gap-down opening on Monday. SGX Nifty at 18,250 indicates that Nifty may see a fall of 100 points at open. That phase is now over, and India has once again become a favoured emerging market destination for FPIs.” He added. However, the loss of ruling Bharatiya Kanata Party in Karnataka is likely to have only little impact said analysts. Therefore, it is unlikely that we will witness a significant reaction from the market in response to this development.”Also read: Karnataka poll result likely to impact GST rate rejig exercise

Source: The Hindu May 15, 2023 09:53 UTC