(Bloomberg) -- India’s stock futures jumped after exit polls indicated a resounding victory for Prime Minister Narendra Modi’s ruling party in general...
-- India’s stock futures jumped after exit polls indicated a resounding victory for Prime Minister Narendra Modi ’s ruling party in general elections that concluded Saturday.Mnuchin Chases Wall Street Glory With His War Chest of Foreign MoneyContracts on the nation’s benchmark Nifty 50 Index climbed as much as 2.6% in early trading on Monday after most pollsters predicted the Bharatiya Janata Party-led alliance to clinch between 350 and 400 seats in total.
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.Should the results on June 4 align with the exit polls, analysts expect the NSE Nifty 50 Index to reach a new record. The gauge slid nearly 2% last week as foreign investors treaded cautiously ahead of the election outcome.
Fact Check: Trump Once Said a Candidate Under Federal Investigation 'Has No Right to Be Running.' Here's the ContextThe former president was found guilty of 34 felony counts on Thursday, May 30, over his attempts to conceal $130,000 in hush money that was paid to DanielsIf it was a sign from God, it was a little on the nose.
Exit Polls Narendra Modi India’S Resounding Victory Stock Futures
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