
Modi Struggles to Remain at Top
Associated media - Connected media Indian Wall Street has twisted and turned. Investors in Mumbai’s Indian stock markets responded enthusiastically to the first exit polls. They went on a buying spree on Monday, driving up the prices of so-called Modi shares, those associated with the prime minister’s spending priorities or believed to benefit from his fiscal policies. When the actual voting results were tallied, those stocks plummeted. Shares of Adani Group’s flagship stock lost around 19% of their value in one trading day. The blue chip index lost about 6%, almost erasing the gains of the first five months of…








