India Stocks, Bonds Set to Gain as Polls Show Landslide Modi Win

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Bloomberg News

Narendra Modi,Exit Polls,Election Outcome

(Bloomberg) -- Indian stocks, bonds and the rupee are poised to climb on Monday after exit polls indicated a resounding victory for Prime Minister Narendra...

-- Indian stocks, bonds and the rupee are poised to climb on Monday after exit polls indicated a resounding victory for Prime Minister Narendra Modi’s party.Trump Is Guilty on All Counts in Hush-Money Case. Now What?

While the final results might differ from the exit polls, the strength of the projected victory is expected to benefit risk assets. Indian equities reached a record in May, while the bond markets are near their highest levels in about a year. Most pollsters predict the BJP and its allies to win between 350 and 400 seats. In 2019, the alliance won 352.

India’s gross domestic product grew more than 8% in the fiscal year that ended in March, cementing the nation’s position as the world’s fastest-growing major economy. Donald Trump Verdict Was ‘Another Layer of Poison’ for Melania: ‘She’ll Probably Always Be Mad at Him’ In a video released by Ukraine, Russian soldiers crossing the Dnipro River on a jet ski appear to have been targeted by Ukrainian drones.Charlie Munger once revealed how investors can beat the stock market — here are 3 of his essential tipsAccording to the UK Ministry of Defence, "Corruption is deeply rooted in the Russian MOD, and it is likely that there will be further arrests.

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