India's stock markets erase $371 billion after ruling BJP falls short of election expectations
Publishing timestamp: 2024-06-05 02:33:52
Summary
India's markets saw their largest one-day loss in four years after the electoral performance of Prime Minister Narendra Modi's ruling Bharatiya Janata Party fell short of expectations. The BJP won 240 seats in the lower house of parliament, losing its single-party majority, but the NDA coalition managed to retain a parliamentary majority. The weaker mandate may make it more difficult for the government to implement structural policy changes.
Sentiment: NEGATIVE
Tickers: .NSEI,
Keywords: politics, cnx nifty index, business news, breaking news: politics,