Business

India stocks, rupee rise as exit polls tip BJP win

By Washington Examiner
Published May 13, 2014 11:53am ET
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India stocks, rupee rise as exit polls tip BJP win
Indian stockbrokers celebrate as they watch the Bombay Stock Exchange (BSE) index on their trading terminal in Mumbai, India, Tuesday, May 13, 2014. India's stock market and currency rallied Tuesday on exit polls predicting election victory for a pro-business party and its allies. The Sensex stock index rose above 24,000 for the first time, gaining more than 2 percent before paring its gain. The dollar, meanwhile, fell to 59.60 rupees from 60.05 rupees on Monday. (AP Photo/Rajanish Kakade) | Rajanish Kakade

NEW DELHI (AP) — India’s stock market and currency rallied Tuesday on exit polls predicting election victory for a pro-business party and its allies.

Official election results are expected on Friday, but exit polls by at least six major Indian TV stations show the Hindu nationalist Bharatiya Janata Party likely to win enough seats to form a coalition government.

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