CNBC's Inside India newsletter: Could markets sink even if Modi wins?
Publishing timestamp: 2024-05-30 12:48:39
Summary
India awaits election results with nervousness, as stock market reacts to potential outcomes. India VIX index has shot up, but market is pricing out risk of negative surprises. Record heat wave grips country, while S&P upgrades India's sovereign rating outlook to positive. Kolkata Knight Riders win IPL, Indian stocks fall by more than 2% this week. Veteran investor Mark Mobius bullish on India with BJP landslide win. Foreign investors in "wait and watch mode" ahead of election results.
Sentiment: MIXED
Tickers: .SPX, INR=, PAYTM-IN, ACWI, .DXY, HDFCBANK-IN, QCOM, TCS-IN, TEP-FR, INDA, .BSESNTR, .NSEI, BSE-IN,
Keywords: hdfc bank ltd, s&p bse sensex total return index, elon musk, tata consultancy services ltd, ishares msci india etf, tantia constructions ltd, rollatainers ltd, cnx nifty index, ishares msci acwi etf, dxy us dollar currency index, bse ltd, one 97 communications ltd, business news, us dollar/indian rupee fx spot rate, s&p 500 index, nippon india etf nifty psu bank bees, teleperformance se, qualcomm inc, world economy, india internet & ecommerce etf,