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Prime Minister Modi's General Election win puts to rest long-standing political uncertainty for markets. After a strong rally this week, profit-taking will likely be the driving theme for local markets in the face of growing economic uncertainty.
Surprisingly strong voter mandate for Modi
Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) swept back to power, stronger than before. The vote counting yesterday kicked off with a strong, 300-seat lead for the BJP in the 543 seat Lok Sabha (lower house of parliament). The final tally due anytime now, is