Indian Prime Minister Narendra Modi gestures as he arrives at Bharatiya Janata Party (BJP) headquarters in New Delhi, India, June 4, 2024.
Asia-Pacific markets were mixed on Wednesday, with stocks in India rising after a heavy sell-off in the previous session as investors assessed India's election results.
India's Nifty 50 index gained 1.98% and the BSE Sensex added 2%.
The Nifty had plunged 5.93% on Tuesday, while the Sensex lost 5.74%, marking their sharpest fall since 2020 after Prime Minister Narendra Modi's Bharatiya Janata Party fell short of an outright majority in the lower house of parliament.
The All India Market Capitalization index, tracked on the Bombay Stock index, lost over 31.06 trillion rupees, or about $371 billion on June 4.
Indian Prime Minister Narendra Modi gestures as he arrives at Bharatiya Janata Party (BJP) headquarters in New Delhi, India, June 4, 2024.
Asia-Pacific markets were mixed on Wednesday, with stocks in India rising after a heavy sell-off in the previous session as investors assessed India's election results.
India's Nifty 50 index gained 1.98% and the BSE Sensex added 2%.
The Nifty had plunged 5.93% on Tuesday, while the Sensex lost 5.74%, marking their sharpest fall since 2020 after Prime Minister Narendra Modi's Bharatiya Janata Party fell short of an outright majority in the lower house of parliament.
The All India Market Capitalization index, tracked on the Bombay Stock index, lost over 31.06 trillion rupees, or about $371 billion on June 4.
Modi is still set for a third term in power after the BJP-led National Democratic Alliance secured 294 seats, more than the 272 needed for the coalition to form the government.
