Resounding win for Narendra Modi in India’s election

A resounding win for Narendra Modi’s Bharatiya Janata Party in India has also been good for some of the Indian Prime Minister’s closest supporters. The Indian Nifty 50 index rose by more than two- and three-quarter per cent on the result. “The big winners … they were familiar names too – the best-performing stock in that index, Adani Ports up more than 11 per cent during trading today,” Mr Greenwood said. “The parent company, Adani Enterprises, run by one of Narendra Modi’s biggest backers Gautam Adani, was up more than 8 per cent.”