Bloomberg News
@Bloomberg-News·2.8M subscribers·40.1K videos
Heated Indian Election Rhetoric Fuels Investor Anxiety
Posted
May 11, 2024
Views
8,098
Likes
120
Comments
1
Engagement
1.49%
May 11, 2024
8,098
120
1
1.49%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
1:00Now PlayingIndian stocks suffered their worst day in about four months as the nervousness over the outcome of the ongoing general elections persisted.
The benchmark NSE Nifty 50 Index tumbled 1.6%, the most since Jan. 17, to fall past its 100-day moving average. In October, when the gauge closed below the crucial support, it went on to extend its fall over the next few sessions.
Speculation regarding the impact of the low voter turnout on the prospects for Prime Minister Narendra Modi’s bid for a third term in power has been the main driver of investor sentiment in recent sessions. There’s concern that a weaker-than-expected majority may hamper his ability to push through reforms such as revamping infrastructure and boosting manufacturing sector.
--------
Subscribe to our YouTube channel
Subscribe to Bloomberg Originals
Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
Connect with us on…
Breaking News on YouTube
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
