Indian stock market has surged post result of Lok Sabha elections in which Congress led United Progressive Alliance (UPA) has gain majority stake, dispelling fears of a fractured mandate.
15% surge in Indian Sensex was the highest ever rally of any stock market in the world. Indian rupee gained against the dollar from 49per dollar to 47 per dollar. As an resultant, importers gain benefit from that whereas exporter had lost their money.
The investors and market analysts are upbeat and believe that UPA will push the reforms needed to boost the economy in recession period and will provide stability. The majority stake of UPA has showed an positive effect to industrialist that government will support the infrastructure and reform process to boost the economy.
Indian Realty Blog 