Tuesday, 13 May 2014 - 17:44
India stocks surge as Modi seen closing in on power.
Indian stock markets surged to record highs today, on hopes of a business-friendly government under Hindu nationalist Narendra Modi, as polls showed him closing in on victory in the world's biggest democracy.
"Modi at Delhi Gate" said a headline in the Mail Today, while the Hindustan Times read simply "Exit Polls: Enter Modi" after a flurry of surveys released after voting ended yesterday pointed to a decisive result.
All the forecasts showed Modi's right-wing Bharatiya Janata Party and its allies trouncing the left-leaning Congress party which has been in power for a decade, and most indicated they would seal a majority.