The Bharatiya Janata Party (BJP) has taken a commanding lead in Uttar Pradesh, leading in more than 250 seats well past the majority mark of 202 with the Samajwadi Party leading in 105 seats in the first two hours since the counting of votes started.
Production of batteries for electric vehicles as well as stainless steel, paint and alloy-based industries are expected to take a hit, as prices of a key raw material nickel have zoomed over 100 per cent in the past few days.