Modi celebrates victory in India vote, but misses a landslide win

Prime Minister Narendra Modi's alliance won India's general election, securing a parliamentary majority despite the BJP losing its standalone majority for the first time in a decade, dropping to 240 seats from 303. The opposition Congress party gained ground, nearly doubling its seats to 99. Modi's re-election promises major reforms, but concerns about minority rights persist. With a voter turnout of 66.3%, slightly lower than 2019, the BJP's vote share also dipped slightly. Stocks, particularly Adani Enterprises, fluctuated due to concerns over the BJP's reduced legislative power.