Cameron's Conservative Party set to win British elections
Reports said even if the Conservatives fall short of a majority, Cameron appears certain to remain prime minister, with the possibility of joining hands with two smaller parties or trying to run a minority government.
The opposition Labor Party, led by Ed Miliband put up a show and it was nearly wiped out in Scotland by the Scottish National Party.
"Now the results are still coming in, but this has clearly been a very disappointing and difficult night for the Labour Party," Miliband has been quoted as saying.
"We haven't made the gains that we wanted in England and Wales," he said, "and in Scotland we have seen a surge of nationalism overwhelm our party."
Earlier, exit poll results projected that Cameron's Conservative Party is likely to put up a good show, but there would be no outright winner for any single party.
The Conservatives were projected by the exit poll to have won 316 seats in Parliament, more than what pre-election polls had suggested, but the figure would still be 10 seats short of the 326 required to win an outright majority.
The exit poll was conducted by BBC, Sky News and ITV.
The Liberal Democrats, Cameron's coalition partner, were projected to win only 10 seats, a loss of 47 seats from 2010, but enough to put the two parties together to be able to form the next government.
The opposition Labour Party was projected to have won 239 seats, 19 less than in 2010, a poorer showing than pre-election polls result. .
The United Kingdom went to polls on Thursday in what was being described as one of the toughest elections in decades.
The Parliament has 650 seats.
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