Reported 4 months ago
India's stock market is anticipating a victory for the Narendra Modi-led alliance in the recent general elections, with exit polls projecting a record third term for Modi. This optimism has led to a surge in the NSE Nifty 50 Index and the S&P BSE 500 Index. A likely win would enable Modi's party to implement policies essential for India's economy, attracting foreign investors to the nation's stock market. As a result, ETFs like iShares MSCI India, WisdomTree India Earnings Fund, Franklin FTSE India, iShares MSCI India Small-Cap, and iShares India 50 are poised to benefit from the positive sentiment.
Source: YAHOO