New Delhi, May 4 -- Counting for the five state elections has begun, and an early trend is signalling an improved performance for the BJP. The saffron party is leading in West Bengal, Assam and Puducherry against its closest rivals, Mamata Banerjee's Trinamool Congress and the Indian National Congress, respectively. This is expected to boost the morale of Dalal Street bulls, as reflected in Gift Nifty's opening. The index is trading upside and signalling a gap-up opening.

According to stock market experts, the BJP's victory in Assam, West Bengal, and Puducherry, and an improved performance in Kerala and Tamil Nadu, are expected to bring border stability, as its arch rivals in the region, Bangladesh, Pakistan, and China, are trying to des...