And they have some surprises. Chandra Babu Naidu's TDP suffered a shocking defeat in AP state polls (Reuters). TDP is BJP's ally in the national NDA coalition and the general feeling is that TDP's loss may be an indicator of BJP's performance.

There is already talk of a Congress-led coalition government, an idea that seemed outrageous a few weeks back. The financial markets are unhappy at the uncertainty and things will be unsettled till the end of the week till all the specifics are known.

What an election!