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India’s Stock Market Plunges After BJP’s Unexpected Election Loss

Earlier this year, India’s stock market ascended to become the world’s fourth-largest, only to experience a turbulent plunge following an unexpected election outcome. The Bharatiya Janata Party, led by Prime Minister Narendra Modi, lost its majority, sending shockwaves through the financial sector. Initially buoyed by favorable exit polls predicting a landslide victory for the BJP, the market surged to record highs but then plummeted once the results were announced. Although it recovered slightly the next day, the uncertainty affected investor confidence.