Hi there, The D-day is here.
Karnataka goes to the polls today.
The bets are off.
If popular belief is anything to go by, the fight might just go down to the wire.
Politics will trump economics on Dalal Street this time around, say analysts.
Karnataka, home to Indias Silicon Valley, sets the tone for a series of state elections in the run-up to the final showdown in 2019.
Evidently, the stakes are running high.
For the moment, stocks are looking good.
In fact, during the week gone by, both Sensex and Nifty climbed over 1.50 per cent.
A good 2,655 candidates are out trying their luck for the Karnataka poll.
It's going to be a multi-cornered fight, where 224 seats are up for grabs.
The results are due on May 15, that's Tuesday.
Investors are tracking every move and are expected to hang on to the electoral trend to make sense of what lies ahead.
The journey has just started.
Let's buckle up.
We have with us G Chokkalingam, founder, Equinomics Research and Advisory.
He tells you why the K factor can be a make or break event for the domestic stock market.Byte: G ChokkalingamThats all for today.
Do come back for our special weekend podcast next Saturday and check out our daily market podcasts every morning and evening only on www.ETmarkets.com.