New Delhi, Feb. 11 -- The recent victory of the Bhartiya Janta Party (BJP) in the Delhi state elections is being viewed as a sentiment booster for stock market investors by brokerage house Motilal Oswal Financial Services (MOSL). However, lingering concerns over tariffs imposed by Donald Trump and weak corporate earnings have tempered this optimism.

After losing almost 500 points in trade on Monday, following the announcement of 25% tariffs by Donald Trump on steel and aluminium imports, BSE Sensex declined another 1,100 points in trade today to a low of 76,226.02. Its NSE counterpart the Nifty50 lost 350 points or 1.50% to trade precariously close to the 23,000 mark at 23,032.

MOSL attributed the win, which saw the BJP claim 48 out of ...