Indian Shares Plunge as Modi-Led Coalition Stares at Narrow Victory Margin [Yahoo! Finance]
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Source: Yahoo! Finance
ruling Narendra Modi-led coalition isn't likely to score a decisive victory, as predicted by exit polls. The country's benchmark Sensex closed 5.7% lower at 72079.05 on Tuesday, registering its worst performance in more than four years. The Nifty 50, representing the weighted average of 50 of the country's largest companies listed on the National Stock Exchange, slumped 5.9%. Most Read from The Wall Street Journal E*Trade Considers Kicking Meme-Stock Leader Keith Gill Off Platform Retailers Hate That You Buy Big Things on Your Laptop The Opaque Investment Empire Making OpenAI's Sam Altman Rich The U.S. Gave Chip Makers Billions. Now Comes the Hard Part. S&P 500 Edges Higher; Energy Stocks Falter Trends so far show that the Bharatiya Janata Party-led National Democratic Alliance is leading in 293 seats, while the opposition Congress-led I.N.D.I.A. alliance is leading in 231 seats, according to private news channel NDTV's website. Vote counting is under way. The Lok Sa
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