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India Front Line Report
SEAnews Issue:monthly
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2014-05-16 ArtNo.45019
◆Modi all set to be PM, BJP to get majority on its own
【New Delhi】Narendra Modi appears all set to be the next Prime Minister with the Bharatiya Janata Party (BJP) likely to get a majority on its own, wresting power from Congress which is on the path of recording its worst ever performance in the Lok Sabha polls.
 Recording its best ever performance in its 34-year existence, the BJP on its own was leading in 276 seats, three more than the required half-way mark in the 543-member House, while its allies were ahead in 49 seats. This will be the first time after 30 years that a single party is securing a majority on its own after the massive number of 419 seats Rajiv Gandhi got in 1984 in the aftermath of Indira Gandhi's assassination.
○Sensex breaches 25,000-mark, Rupee trading strong as BJP leads in vote count
【Mumbai】 Indian stocks were virtually on fire leading a key index, the sensitive index (Sensex) of the Bombay Stock Exchange, to breach 25,000 points mark, as Narendra Modi-led Bharatiya Janata Party took a big early lead in India's national election vote count.
 The rupee was trading strong at 58.96 to the dollar at about 1.50 p.m. after opening at 59 to the dollar.
【News source】

Modi all set to be PM, BJP to get majority on its own

Sensex breaches 25,000-mark as BJP leads in vote count

Rupee trading strong at 58.96

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