Indian stocks hit record highs as investors cheer likely Modi win

New Delhi The prospect of a second term for Indian Prime Minister Narendra Modi sent the country's stock markets soaring to record highs on Thursday.

India's benchmark index, the Sensex, surged 900 points to cross 40,000 for the first time ever after early poll counts in the country's massive election put Modi's party and its allies in the lead. The Sensex gave up some of those gains later but continues to hover around the milestone.The country's other major stock index, the Nifty, also hit record highs.

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Like Trump Modi is a nationalist leader, and his motto is make India great again.

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Indian stocks hit record highs; rupee, bonds gain as Modi on track for big winIndian stock markets hit record highs while the rupee and bonds rallied as early... Too late. The initial euphoria has died down. Markets are flat (0.25% up). And Adani gets the go ahead! large outflow of foreign capital in china's stock market. Why?
Source: Reuters - 🏆 2. / 97 Read more »