Today BSE Sensex leapt more than 17 percent; it was biggest single-day gain in almost two decades, after the ruling coalition sealed a decisive election victory that calmed fears of political uncertainty. Investors cheered the victory by sending the market up nearly 15 percent within seconds of opening, triggered circuit breakers causing trade hault for 2 hours.
The rupee soared more than 3 percent to five-month highs against the dollar, its best one-day rise in more than a decade, and bond yields fell as the win boosted hopes a strong coalition, would be able to push through economic reforms that would boost foreign investment.
The rupee soared more than 3 percent to five-month highs against the dollar, its best one-day rise in more than a decade, and bond yields fell as the win boosted hopes a strong coalition, would be able to push through economic reforms that would boost foreign investment.