Indian Stocks Plunge Amid Tight Election Race
Indian shares experienced their worst day in over four years as election results showed Prime Minister Narendra Modi's alliance winning by a narrower margin than expected. The NSE Nifty 50 and S&P BSE Sensex both plummeted, with widespread declines across major indexes. Analysts suggest that the BJP's reduced seat count could hinder aggressive reforms, contributing to market volatility and significant corrections.