Indian Markets Surge 3 percent on Ally Support for Modi’s New Government

Indian Markets Surge 3 percent on Ally Support for Modi's New Government

VoM News Desk | June 5, 2024 | 04:29 PM IST | Breaking News | Follow on Google News

Indian Markets Surge 3 percent on Ally Support for Modi’s New Government

Indian Markets Surge 3 percent on Ally Support for Modi’s New Government

Key Highlights:

1. Indian shares recover 3% after key allies support Modi’s government.
2. NSE Nifty 50 and S&P BSE Sensex see significant gains.
3. Global markets show mixed reactions amid economic uncertainties.

Indian shares surged 3% on Wednesday in a broad-based recovery after two key allies pledged their support to form a new government, following Prime Minister Narendra Modi’s narrow election victory. The NSE Nifty 50 index rose 3% to 22,542 points by 2:35 p.m. IST, and the S&P BSE Sensex increased 2.9% to 74,147. This rebound followed Tuesday’s nearly 6% decline in the benchmark indexes.

Modi, set to be sworn in for a record-equalling third term on

VoM News Desk

VoM News is an online web portal in jammu Kashmir offers regional, National & global news.