According to a Bloomberg News survey of market participants, Indian stocks require Prime Minister Narendra Modi’s party to secure more than 303 seats in the general election to continue their unprecedented rally. The survey, which included 32 asset managers, strategists, and dealers, suggests that a reduced majority for the ruling BJP could result in a 2% decline in the NSE Nifty 50 Index, along with potential losses in the rupee and sovereign bonds.
Hero MotoCorp shares rise 3% as firm unveils India’s first 100cc flex-fuel motorcycles. Check details
Hero MotoCorp shares gained 3%, after launching India’s first flex-fuel motorcycles, the Splendor+ and HF Deluxe, supporting sustainable mobility and India’s transition to cleaner fuels.