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Significance The NIFTY 50 index has since resumed its bull run. The elections resulted in an underwhelming victory for the National Democratic Alliance (NDA), led by Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP), with the NDA’s majority in parliament’s lower house sizeably reduced and the BJP losing its single-party majority. Impacts Certain investors will retain an overweight position in Indian stocks, seeing them as better value for money than comparable equities. Emerging market bond and equity funds will struggle to stem outflows until the US Federal Reserve starts to cut interest rates. The Reserve Bank of India will probably begin monetary easing towards the end of 2024 or in early 2025.
A Wed, study studied this question.