Indian market forced to close as stocks rise 17.2% Monday (2ndupdate)


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.

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