India markets fall as victory margin for Modi unclear

India markets fall as victory margin for Modi unclear in early trends Indian financial markets sold off sharply on Tuesday morning, as early vote counting trends suggested Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP)-led alliance is unlikely to win a decisive majority as predicted by the exit polls over the weekend.“The numbers for NDA are subdued and below expectations. So we are witnessing profit booking as investors are nervous. We need to wait one more hour for greater clarity,” said Kranthi Bathini, director of equity strategy at Mumbai-based Wealthmills Securities. Exit polls in the weekend projected a big win for Modi’s National Democratic Alliance (NDA), leading to markets soaring to all-time highs on Monday as investors were buoyed by expectations of sustained economic growth. [Read more](/dHJpc3RyYW1iYWxkd2luODVAZ21haWwuY29t/aHR0cHMlM0ElMkYlMkZ0aGVwcmludC5pbiUyRmVjb25vbXklMkZpbmRpYS1tYXJrZXRzLWZhbGwtYXMtdmljdG9yeS1tYXJnaW4tZm9yLW1vZGktdW5jbGVhci1pbi1lYXJseS10cmVuZHMlMkYyMTE1MDUwJTJG)  In order to unsubscribe from this mailing list, please click, please Click [here](/dHJpc3RyYW1iYWxkd2luODVAZ21haWwuY29t)