Stocks Hit Record and Rupee Climbs as Exit Polls Herald Modi Win
- Join us on WhatsApp for special coverage of India’s election. Sign up here. Indian stocks zoomed to a record and the rupee and sovereign bonds climbed after exit polls signaled Prime Minister Narendra Modi’s ruling coalition is poised to retain power. The S&P BSE Sensex rallied 3.8% to a new high, its second in over a month, as exit polls predicted a comfortable majority for the Bharatiya Janata Party and its allies. A gauge of stock-market volatility slumped, the rupee rose the most since December and the yield on benchmark 2029 bonds ...
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