Congress victory provokes frenzy in Indian markets

The Bombay Stock Exchange closes early after the Sensex soars 17.2% in reaction to Manmohan Singh's re-election.

As the first Indian prime minister in four decades to be re-elected after completing a full term, Manmohan Singh has plenty to celebrate. During his second term, he will lead a party with a strong political mandate, as the Congress-led coalition is just a few seats shy of a majority. And the prospect of a powerful, stable government has already proved good news to investors as assets across the board went skyward yesterday.

When the markets opened yesterday, the benchmark...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: congress party | manmohan singh | sensex

Print Edition

FinanceAsia Print Edition

EVENTS