Karnataka election result 2018 will be declared today. Backing the exit polls, the Satta Bazaar is of the opinion that Modi wave is still intact and is betting big on a BJP win. LIVE updates
The high-stakes battle for Karnataka in
222 Assembly constituencies ended on Saturday and India will soon
know the Karnataka
Assembly election 2018 verdict. The counting of votes began
at 8 am on Tuesday. According to the procedure, postal ballots are
being counted first. Initial trends are expected to be in by 9 am.
"All arrangements have been made for counting of votes in 222
seats from 8 am onwards at 38 centres in 30 districts, including five
in Bengaluru where polling was held in 26 of the 28 segments,"
Chief Electoral Officer Sanjiv Kumar said.
A record 72.36 per cent of the 50.7
million (5.07 crore) electorate cast their votes, with 27,908
electors in defence services exercising their franchise through
postal ballots.
The Election Commission has deployed
16,662 personnel for counting of votes amid tight security. "Postal
ballots will be counted first before the Electronic Voting Machines
(EVMs) are opened," Kumar said.
The Karnataka election has been billed
as the biggest political battle of 2018. The Bharatiya Janata Party's
(BJP's) bid to reclaim Karnataka has faced its toughest challenge
from one man -- Chief Minister Siddaramaiah, who is looking to beat
incumbency.
Meanwhile, four of the seven polling
agencies predicted in their exit polls that the BJP would emerge as
the single-largest party today. While most exit polls predicted a
hung Assembly with the BJP ahead, two said the BJP would either come
very close to or cross the halfway mark of 112 seats, while the India
Today-Axis exit poll said the Congress might bag a majority. All exit
polls gave the H D Deve Gowda-led Janata Dal (Secular) nearly two
dozen seats or more, which could make it the kingmaker if there is a
hung Assembly.
A win for the Congress would boost the
party's morale for the Assembly elections in Rajasthan, Madhya
Pradesh, Chhattisgarh, and Mizoram in November-December, and for the
2019 Lok Sabha polls. It would also ensure that the party would not
be reduced to ruling only one big state, that of Punjab, in the
entire country. Apart from Punjab, Congress has governments in only
Puducherry and Mizoram.
No government in Karnataka, since the
Ramakrishna Hegde-led Janata Party one in 1985, has been re-elected.
Satta bazaar bets big on BJP: The satta
bazaar is shortening the odds on a BJP win in Karnataka, even though
a third party may eventually feature in the victorious combine.
According to the Economic Times, bookies expect the BJP to win 96-98
seats in the Karnataka Assembly, while the Congress may get 85-87
seats. In market parlance, this means bid price is 96 or 85, while
the ask price is 98 or 87.
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