The opposition United Progressive Alliance, led by Rahul Gandhi's Congress party, was leading in 111 seats.
Lok
Sabha Election Results 2019 : Prime Minister Narendra Modi’s
BJP was set for a historic victory as India counted hundreds of
millions of votes from its general election on Thursday.
The
National Democratic Alliance (NDA), led by Bharatiya Janata Party
(BJP), was ahead in 324 seats, broadcaster NDTV said.
The
opposition United Progressive Alliance, led by Rahul Gandhi-led
Congress
party, was leading in 111 seats.
Indian
stock markets surged ahead of a possible Modi win.
At
0525 GMT, the broader NSE index was up 2% for the day. The rupee was
trading at 69.5 to the dollar, stronger than the 69.67 close on
Wednesday.
COMMENTARY
JAGANNADHAM
THUNUGUNTLA, RESEARCH HEAD, CENTRUM WEALTH, MUMBAI
“The
thumping victory for BJP as per the early trends surpassing its
winning tally of 2014 has pleasantly surprised even the bulls ... the
continuation of policies and reforms is an added comfort ... the
narrative should come back to employment, economy and earnings.”
SACHIN
SHAH, FUND MANAGER, EMKAY INVESTMENT MANAGERS, MUMBAI
“At
a time when there is uncertainty over economic growth, political
stability and continuity allow an economy to progress and rise above
hurdles over a period of time. So this outcome offers hope that
policy reforms will go in the right direction.”
R.
SIVAKUMAR, HEAD OF FIXED INCOME, AXIS MUTUAL FUND, MUMBAI
“Investors
globally are positive when there is stability in any country. For
global investors, political stability and continuity is an important
factor while taking a view on investing in any country. This will
keep India on the radar of global equity investors.”Buisness
Standard
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