MUMBAI - Indian stock markets hit record highs while the rupee and bonds rallied as early vote counting in general elections showed the ruling National Democratic Alliance with Narendra Modi at the helm winning a second term.
Exit polls had predicted a clear win for Modi in the election that ended on Sunday, but such polls in India have sometimes proved misleading. The broader NSE index was up 2.55% at 12,036.75 as of 0515 GMT, while the benchmark BSE index was 2.59% higher at 40,123.86.
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And Adani gets the go ahead!
Too late. The initial euphoria has died down. Markets are flat (0.25% up).