As BJP takes lead in Karnataka election results; Sensex cheers

After opening lower, benchmark Sensex soared over 350 points in early trade on Tuesday after the BJP took the lead in Karnataka election results. 

The BJP was leading in 120 seats while the ruling Congress was in the front in 59 constituencies in Karnataka, according to early trends. The benchmark BSE Sensex rose 260.94 or 0.73 per cent to trade at 35,817.65. The broader NSE Nifty also jumped 70.50 points, or 0.65 per cent, to 10,877.10.