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India election 2019: PM Narendra Modi takes spiritual break

India election 2019: PM Narendra Modi takes spiritual break

Indian shares rose to all-time highs on Tuesday, extending a four-day rally after exit polls on Sunday showed Prime Minister Narendra Modi was set to retain power with an even bigger mandate than in 2014.

Among others, the Nifty Bank index hit a record high of 30,827.85 during the day's trade, surpassed previous high of 30,669 and also posted highest-ever one-day gain of 1,220 points. Occasional sounds of celebration, brought in by a handful of assembly poll victories in Bihar and Punjab, or most recently in M.P, Chhattisgarh and Rajasthan, have nearly appeared out of the ordinary.

(MENAFN - Kashmir Observer) NEW DELHI - A day after the exit polls predicted another term for the NDA, contrasting emotions were visible at both ruling and opposition camps with the BJP headquarters abuzz with preparations for results on May 23 and the Congress headquarters wearing a deserted look, devoid of excitement.

The seven-phase Lok Sabha election 2019 ended on Sunday, following which the exit polls were announced.

"I believe the exit polls are all wrong", said Congress leader Shashi Tharoor in a tweet. "Such an outcome means that the election results should have little impact on markets, and in turn should be left to be driven by non-political factors, domestic and external".

Most polls predicted the BJP would lose some seats but still form a government.

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Trinamool Congress supremo and West Bengal Chief Minister Mamata Banerjee called the exit polls "gossips" which would be used to manipulate results. Several exit polls including News18/IPSOS, India Today/Axis, Times Now/VMR, Republic TV/JKB, and News24 predicted that the current government will win at least 300 seats or more seats, out of the total 542.

In the recent past, exit polls have proved to be globally unreliable.

The main opposition Congress party and other regional blocs concentrated on the government's economic mismanagement and inability to create jobs in their attempt to win voters. Kalvakuntala Chandrashekar RaoKnown as KCR, the chief minister of India's youngest state Telangana has been reportedly trying to pull together a non-BJP, non-Congress front to form government. The voters are asked who they voted for.

But party spokesman G.V.L. Narasimha Rao said the polls "clearly show a huge positive vote for the leadership of Narendra Modi who has served the country with unmatched dedication". Yadav had said much the same thing in 2018.

In the 2014 general elections, the BJP won 17 seats, Congress 9 and JD-S 2.