Indian Stocks, Bonds Reverse Losses as BJP Leads in Key State

Indian Stocks, Bonds Reverse Losses as BJP Leads in Key State

(Bloomberg) -- Indian shares and bonds reversed steep losses as Prime Minister Narendra Modi’s Bharatiya Janata Party was leading in the key central state of Madhya Pradesh.

The S&P BSE Sensex was up 0.3 percent after falling as much as 1.5 percent. The 10-year bond yield was down 2 basis points to 7.57 percent after rising as much as 12 basis points.

The rupee also pared declines of as much as 1.6 percent against the dollar.

READ: Indian Assets Slide as Poll Leads, RBI Chief’s Exit Roil Market

©2018 Bloomberg L.P.

Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
GET REGULAR UPDATES