The Indian stock exchange was suspended this morning after markets hit their daily limit in just 20 seconds.
Indian stocks have leaped forward after the Congress party won a decisive victory in the national elections. The Bombay Stock Exchange had to close for the day after the main Sensex index surged by 1,306 points (17%) to 14,272. The Congress party plans to continue its reforms, which have helped the Indian economy grow at record pace in recent years. Their convincing win has caused optimism among investors, causing stocks to be pushed above their maximum limit for the day. The wider Nifty index also climbed 17% to 4,308 points, while the Indian rupee gained 2% against the dollar. I...
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