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India's markets saw their largest one-day loss in four years after the electoral performance of Prime Minister Narendra Modi's ruling Bharatiya Janata Party fell short of expectations. The All India Market Capitalization index, tracked on the Bombay Stock index, dropped over $371 billion on June 4 alone.
Shares of a popular exchange-traded fund that buys stocks in India sank Tuesday, after Prime Minister Narendra Modi's claimed an election victory with surprisingly less support than expected.
India's Prime Minister Modi will hold on to his perch of the ruling coalition but his power may be watered down in an election twist, spooking investors who have enjoyed his stable hand for a decade.
CNBC's Seema Mody reports on news from India.
Bloomberg MLIV editor Ven Ram talks about the selloff in Indian stocks. Indian stocks fall sharply and bonds tumble as early leads suggest narrower Modi win than expected.
CNBC's Seema Mody reports on the latest news from India's political and economic landscape.
Nomura International Wealth Management CIO and Head of Discretionary Portfolio Management Gareth Nicholson says India is one of the firm's favored markets and represents "a great opportunity." He says many factors support the country's long-term story, which makes it appealing for international investors who want to diversify their emerging market holdings.
Official vote counting will begin in a few hours in India after exit polls signaled a third term victory for Prime Minister Narendra Modi. Haslinda Amin reports on Bloomberg Television.
Our global markets watchlist tracks eight prominent indexes from economies around the world.