The Canadian Press - ONLINE EDITION

India stock market, currency buoyed by exit polls showing election victory for BJP

  • Print

NEW DELHI - India's stock market and currency rallied Tuesday on exit polls predicting election victory for a pro-business party and its allies.

Official election results are expected on Friday, but exit polls by at least six major Indian TV stations show the Hindu nationalist Bharatiya Janata Party likely to win enough seats to form a coalition government.

The Sensex stock index rose more than 2 per cent to an all-time high of 24,068.94 before paring its gain and closing at 23,871.23.

The dollar, meanwhile, fell to 59.60 rupees from 60.05 rupees on Monday, but regained some value to close at 59.68 rupees.

The BJP and its candidate for prime minister Narendra Modi campaigned on promises of a revival in economic growth amid widespread dissatisfaction with the ruling Congress party after a decade in power.

The exit polls predicted a BJP led coalition would win between 249 and 289 seats in the 543-seat parliament.

The BJP's well-financed campaign also promised better governance. The Congress-led government has been plagued by repeated scandals and the Congress party's 43-year-old leader, Rahul Gandhi, has generally failed to inspire the public.

There was a record turnout in this year's elections, with 66.38 per cent of the 814 million eligible voters casting ballots during the six-week contest held in stages across the country. Turnout in the 2009 elections was 58.13 per cent.

Elections in India are generally considered free and fair.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Key of Bart - Take It Easy

View more like this

Photo Store Gallery

  • Down the Hatch- A pelican swallows a fresh fish that it caught on the Red River near Lockport, Manitoba. Wednesday morning- May 01, 2013   (JOE BRYKSA / WINNIPEG FREE PRESS)
  • Goslings with some size head for cover Wednesday afternoon on Commerce Drive in Tuxedo Business Park - See Bryksa 30 Goose Challenge- Day 12- May 16, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)

View More Gallery Photos

Poll

Should confessions extracted through Mr. Big police stings be allowed?

View Results

View Related Story

Ads by Google