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Markets Gain As Modi 3.0 Looks Certain Now
The New Indian Express
|June 06, 2024
Market capitalisation of all BSE-listed firms surged to ₹408 lakh crore, making investors wealthier by ₹13 lakh crore
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AFTER a colossal fall on the election result day (Tuesday), the Indian equity market made a marginal recovery on Wednesday following an assurance by political allies of BJP - JDU'S Nitish Kumar and TDP's Chandrababu Naidu that they would stick with Prime Minister Narendra Modi to form the NDA government for the third consecutive term.
"Indian market exhibited a spirited recovery driven by broad based buying across various sectors, as political stability appears assured. However, attention will remain on the formation of the government and the forthcoming RBI policy meeting," said Vinod Nair, Head of Research, Geojit Financial Services.
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