UK news media projections say Conservatives are just one seat short of required majority to form a government.
If the projections come true, Tories would gain the required majority of 326 seats to form a government without a need to make coalition with other parties.
British Prime Minister David Cameron has hailed a very strong night for his Conservative Party. He has also promised to bring UK together.
Labour Leader Ed Miliband whose party has experienced a disappointing defeat particularly in Scotland said on Twitter:"This has clearly been a very disappointing and difficult night for the
Labour party. To every member and supporter, I want to say thank you."
Now senior figures of Labour party are talking of Miliband's resignation.
Meanwhile, the Liberal Democrats party leader Nick Clegg said: It has been a cruel and punishing night for the Liberal Democrats.
Three former cabinet ministers - Energy Secretary Ed Davey, Business Secretary Vince Cable and Treasury Secretary Danny Alexander - were among nearly 40 Lib Dem MPs to lose their seat. Clegg held his, but said he would discuss his position as party leader with colleagues on Friday.
The vote was seen the closest in decades with voters having a choice between a government led by Prime Minister David Cameron's centre-right Conservatives or by Ed Miliband's centre-left Labour. However, smaller parties are considered to be the major players in case of a hung parliament as one exit poll indicated.
Most forecasts before polls closed had put the Conservatives marginally ahead of Labour, with both parties around 34 per cent.
2010 saw the first coalition government in a generation. The political landscape of Britain is about to change again. No one would dare predict it until final results are out. It’s simply not clear what may happen over the next couple of days. But it’s clear, that the traditional political structure in Britain cannot get enough support to carry on smoothly.
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