A week of dramatic events: India’s top companies see a massive market cap surge, while political clashes and international incidents dominate headlines. An Indian student’s murder in Canada, a farmer’s protest, and a significant political appointment are all major news stories alongside market gains.
As India’s general elections commence, Bernstein analysts warn of a potential market correction due to high expectations for Prime Minister Modi’s ruling party. The market has rallied on pre-election optimism, but the analysts caution that even a strong performance by the BJP may not meet inflated expectations, leading to a market sell-off.
