HomeAbout

TL;DR CNBC


CNBC's Inside India newsletter: Modi's loss could be India's gain - TL;DR CNBC

CNBC's Inside India newsletter: Modi's loss could be India's gain

Publishing timestamp: 2024-06-06 12:37:52


Summary

Indian Prime Minister Narendra Modi's party, BJP, did not win a supermajority in the General Elections, but will form a coalition government. The weakened mandate has damaged Modi's brand, but Wall Street sees stability and predictability with Modi taking office for a rare third term. Investors are optimistic about the election outcome and expect positive returns. Modi's new government will reveal its budget in July, which will give direction to investors. India's GDP growth is not as dependent on oil consumption as before, leading to a more efficient economy.


Sentiment: MIXED

Tickers: .NSEI.BSESNTRPAYTM-INTEP-FRACWI.DXYHDFCBANK-INBSE-ININDAQCOMINR=TCS-IN.SPX

Keywords: rollatainers ltdglobal x india active etfishares msci india etfs&p 500 indexelon muskcnx nifty indexteleperformance setantia constructions ltds&p bse sensex total return indexdxy us dollar currency indexhdfc bank ltdindia internet & ecommerce etftata consultancy services ltdworld economynippon india etf nifty psu bank beesone 97 communications ltdqualcomm incus dollar/indian rupee fx spot ratebusiness newsishares msci acwi etfbse ltd

Source: https://www.cnbc.com/2024/06/06/cnbcs-inside-india-newsletter-modis-loss-could-be-indias-gain.html


Developed by Leo Phan