Karnataka polls: Will Dalal Street bulls be kicked out if Congress pips ruling BJP?

Experts predict that equity markets in India are likely to be unaffected by the outcome of the upcoming Karnataka assembly elections, despite forecasts that Congress may emerge as the largest party. The benchmark Nifty 50 has risen by over 5% since April, following strong inflows from foreign institutional investors. While projections show Congress likely to win 105 seats, with BJP winning 85, the opinion poll also predicts the market would largely remain positive. Investors are urged to focus on inflation data from India, the US and China, as well as UK GDP data and the BoE interest rate during the week.