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The vote counting begins in Gujarat as attention shifts to the counting of votes of the 2012 Gujarat assembly elections.
The latest reports stated that the Bharatiya Janata Party leading in 117 seats and Congress with 62 seats.
While it may be a state matter the impact is likely to be felt at the national level.
There are 182 assembly seats and a party needs at least 92 seats to get a sole majority and form government in Gujarat.
Chief minister Narendra Modi appears confident of being sworn-in for the third straight term in office.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.