Big Modi Win Pushes Indian Equities to Best Week in Seven Months
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Indian equities climbed and key gauges rose to records, capping their best weekly gains in nearly seven months, as Prime Minister Narendra Modi cruised to his second successive victory.
The benchmark S&P BSE Sensex advanced 1.6% to 39,434.72 at the 3:30 p.m. close in Mumbai, taking its weekly gain to 4%, the most since Nov. 2. The NSE Nifty 50 Index also rose by 1.6% to 11,844.10, a new all-time high closing. A measure of price swings, the NSE Volatility Index, plunged another 15% after a 30% slump on Thursday.