MUMBAI: India's stock market surged more than 17 percent, forcing trading to close for the day, after the Congress Party's definitive victory in national elections put to rest fears of an unwieldy coalition and set the scene for economic reforms.
Less than a minute after opening Monday, the benchmark Sensex jumped 1,305.97 points, or 10.7 percent, to 13,479.39, triggering a two-hour pause in trading.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!