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India shares hit record high over Modi election victory forecasts

Published by
AFP

New Delhi (AFP) – Indian shares hit a record high Monday after exit polls from the country’s marathon election indicated a new term for Hindu nationalist Prime Minister Narendra Modi.While opposition parties refused to concede and the country faces a nerve-jangling three day wait until the official count begins, most media polls said Modi’s Bharatiya Janata Party (BJP) and its allies would secure enough seats to form a new government after the world’s biggest election.The seven rounds of voting over six weeks ended on Sunday with about 65 percent of the 900 eligible voters taking part, the ele…

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