India’s benchmark stock index jumped a record 17 percent, bonds rose and the rupee gained the most in two decades after Prime Minister Manmohan Singh’s Congress Party won nationwide elections.
Share trading was halted for the first time ever after the Sensitive Index, or Sensex, breached a daily limit set by the market regulator. The rupee climbed 3 percent against the dollar and the benchmark bond yield fell 12 basis points, the most in almost two weeks.
India knows how to celebrate an election.
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