India’s Markets React to Modi’s Potential Slim Majority
As the early vote counting trends started trickling in, it became clear that the NDA might not be cruising to an overwhelming majority as initially predicted.
The Nifty index, which had been soaring to dizzying heights, suddenly found itself plummeting like a lead balloon, dropping a whopping 3.76% to 22,389.85 points.
The markets had been riding high on the expectation that Modi’s NDA would secure a resounding majority, paving the way for continued economic growth and stability.