Indian stocks have worst day in 4 years as Modi’s hopes of a huge majority fade
New Delhi CNN —
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Prime Minister Narendra Modi of India claimed a third term in office yesterday. But early results suggest his party won by a far narrower margin than expected. The aura of invincibility around Modi has been shattered.
Indian shares suffered their biggest drop since 2020 after the Bharatiya Janata Party lost its parliamentary majority.