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  1. Election of Pro-business Government in India Sparks Market rally

    by , 05-18-2014 at 03:33 PM
    Election of Pro-business Government in India Sparks Market rally

    • Friday’s election results showing Modi win sparked a rally in the Indian Rupee and the Mumbai Sensex.
    • Mumbai’s Sensex stock index is up over 7% this week and 14% since the start of the year over the prospects of the Pro-business Modi taking office.
    • Markets are hopeful that the new Prime Minister will be able to revitalize a stagnating Indian economy which has seen GDP growth slow to a mere 4.7% and a currency
    ...