Indian stocks outperform in markets after Modi win

Published May 16, 2014 4:08pm ET



HONG KONG (AP) — Indian stocks jumped Friday as preliminary results from national elections indicated the opposition had won a landslide victory. Other global markets were subdued at the end of a fairly volatile week.

Indian stocks have been rising since voting in the world’s most populous democracy got underway six weeks ago. Investors have been anticipating a victory for the Bharatiya Janata Party and its allies.

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