NEW DELHI: Indian stock markets surged to record highs Tuesday on hopes of a business-friendly government under Hindu nationalist Narendra Modi as polls showed him closing in on victory in the world's biggest democracy.
All the forecasts showed Modi's right-wing Bharatiya Janata Party (BJP) and its allies trouncing the left-leaning Congress party which has been in power for a decade, and most indicated they would seal a majority.
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