Brief by Shorts91 Newsdesk / 08:26am on 02 Jun 2024,Sunday Business
Indian stocks, bonds, and the rupee are set to rise on Monday after exit polls predicted a decisive victory for Prime Minister Narendra Modi's party. The Bharatiya Janata Party-led alliance is expected to secure well over the 272 seats needed for a majority in the 543-seat lower house. Votes will be counted on Tuesday. This forecast is likely to ease investor concerns following recent market volatility. A strong BJP win would enable the party to implement key economic policies. "This is a resounding vote for continuity," said Vinit Sambre of DSP Mutual Fund, predicting a positive market reaction on Monday.
