"India Stocks Plunge Amid Modi's Narrow Election Victory"
TL;DR Summary
Indian Prime Minister Narendra Modi's ruling coalition is set to retain power, but his party lost its outright majority, causing Indian stocks and ETFs to fall sharply. Investors are concerned about potential policy uncertainty as Modi will now rely on support from regional parties. Despite the market reaction, analysts believe there will be continuity in government policies.
- Modi's shock election hits India ETFs Fox Business
- India stocks fall on election uncertainty BBC.com
- Indian Stocks Drop After Election Results Show Tight Win for Modi The Wall Street Journal
- India's Stock Market Tumbles on Close-Run Election Result The New York Times
- Indian stocks have worst day in 4 years as Modi’s hopes of a huge majority fade CNN
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