PM designate Narendra Modi with Bharatiya Janata Party (BJP) leaders Rajnath Singh and Amit Shah at the bank of the river Ganga in Varanasi, shortly after the BJP-led NDA received a thumping mandate at the 2014 Lok Sabha elections. Modi is all set to take oath as India’s next prime minister, winning the most decisive victory the country has seen in more than a quarter century and sweeping the Congress from power. The NDA has secured 336 seats in the Parliament, far ahead of the 272 needed to prove majority; although with its admirable lead, the BJP hardly needs the support of its alliance partners as far as key decisions go. The markets, which were on an upswing in anticipation of a Modi victory, reacted suitably to news of the win, with the Sensex hitting an all-time high of 24,363 and the rupee trading at an eleven-month high of 58.59.
Story in Pictures
PM Narendra Modi offers thanksgiving on the banks of the Ganga a few days before his oath-taking ceremony
Summer wine and salad
Kishore Singh - January 19, 2015
The million-dollar question: Is investing a game of luck or skill?
Shankar Sharma - May 04, 2021
Every crisis is an opportunity, if you are on the right side of equities
Samir Arora - May 04, 2021
Viraj Mehta trusts the toughness and bounce of a company that has seen many trials
Viraj Mehta - May 04, 2021
Safir Anand spots a mid-sized company with the right chemistry and catalytic circumstances
Safir Anand - May 07, 2021