Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Hot on Facebook

'Serpent Pastor' Dies of Snake Bite Mack Wolford believed faith compelled him to face the risk »

Indian Stocks Soar 17% on Election Win

Congress victory sends shares soaring; trade suspended

By Jason Farago, Newser Staff

Posted May 18, 2009 5:35 AM CDT

(Newser) – The benchmark Indian stock index soared an unprecedented 17% this morning as investors voiced their resounding approval of the Congress Party's electoral victory. Trading on the Sensex had to be suspended within seconds of opening after a 1,300-point surge; following a two-hour delay, the... Read full story »

COMMENTS

Read the comment policy

You need to Log in to Newser to comment. Don't have an account yet? Sign up now!

There are no comments

A snapshot of the day's best news stories.

View Larger Grid

All Today Yesterday Pick a Date

What's Popular Now on Facebook

'Serpent Pastor' Dies of Snake Bite

Miami Face-Eater Identified

Times of India (India) (Source Grid »)

A day of history for the markets
Rediff

Money • World

India • stock exchange • Asian markets • Sonia Gandhi • Bombay Sensex • Manmohan Singh • Congress Party • Indian elections

More Newser Stories

Indian Leader in ICU After Heart Surgery

PM's illness highlights lack of succession law, aging Cabinet

(NEWSER) - Indian PM Manmohan Singh is in intensive care as he recovers from heart bypass surgery, reports the Times of London, highlighting the country's lack of succession law and stoking fears about its preparedness for another terrorist attack. The foreign minister is acting as leader while a special committee has control of the country's nuclear arms. Singh's hospitalization has also underscored his age ahead of elections this spring—he is 76, while his main opponent is 81. More»

Ruling Congress Party Wins Indian Election

Governing Congress-led coalition headed for major victory

(NEWSER) - India's main opposition party has conceded defeat to the ruling Congress-led alliance, CNN reports. The governing coalition—defying predictions the elections would end without a clear winner—was heading for a decisive victory as counting continued today. "We respect this mandate and accept it," said the leader of the Hindu nationalist Bharatiya Janata Party. More»

Indian Ruling Parties Hold Slim Lead

Neither coalition emerges a majority

(NEWSER) - India's ruling coalition has edged slightly ahead of the Hindu-nationalist opposition, but both alliances are short of a parliamentary majority, Reuters reports. Exit polls following today's conclusion of the month-long general election indicate both political blocs will need new partners, but the surveys have proved inaccurate in the past. Official results won't be ready until Saturday. More»

Gandhi Heir Stumps for Poor

Rahul Gandhi sheds aristocratic image to reach out to India's 700m rural poor

(NEWSER) - The heir to India's foremost political dynasty is reaching out to the country's dispossessed as the nation's election enters its final phase, the Guardian reports. Rahul Gandhi—widely seen as the successor to Prime Minister Manmohan Singh if their Congress party emerges triumphant—has been greeted by enthusiastic crowds in India's villages as he makes forceful speeches calling for reforms to help the rural poor. More»

World's Biggest Democracy Goes to the Polls

Attacks from Maoist rebels mar start of India's month-long election

(NEWSER) - The first of 714 million eligible voters cast their ballots in the opening round of India's election today, reports the BBC. The month-long voting process pits the Congress party-led ruling coalition against the opposition Hindu nationalist BJP party and a coalition of Communist and regional third parties. Turnout has been steady, despite attacks from Maoist rebels, in a race the BBC says is too close to call. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

Indian Stocks Soar 17% on Election Win

Congress victory sends shares soaring; trade suspended

India • stock exchange • Asian markets • Sonia Gandhi • Bombay Sensex • Manmohan Singh • Congress Party • Indian elections

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Indian Leader in ICU After Heart Surgery

PM's illness highlights lack of succession law, aging Cabinet

Ruling Congress Party Wins Indian Election

Governing Congress-led coalition headed for major victory

Indian Ruling Parties Hold Slim Lead

Neither coalition emerges a majority

Gandhi Heir Stumps for Poor

Rahul Gandhi sheds aristocratic image to reach out to India's 700m rural poor

World's Biggest Democracy Goes to the Polls

Attacks from Maoist rebels mar start of India's month-long election

About Us

Site

Community

Site Maps

Tools

More News

What is Newser?