Indian markets close sharply high after exit polls forecast BJP gov't win

Prime Minister Narendra Modi at the Badrinath temple on Sunday

Prime Minister Narendra Modi at the Badrinath temple on Sunday

Narendra Modi was photographed meditating in a Himalayan cave as Indians went to the polls.

Slamming the exit poll results, which projected a big win for the BJP-led NDA government in the 2019 Lok Sabha elections, Karnataka Chief Minister H.D. Kumaraswamy on Monday said their predictions were being used to create a false impression of a Modi wave across the country.

Most exit polls have predicted a majority for the BJP-led NDA, leaving the UPA far behind.

The Bombay Stock Exchange Sensex index had its biggest one-day gain in almost six years - 3.75 percent - to close at a record high 39,352 points while the Indian rupee strengthened to 69.63 to the dollar from its Friday close of 70.22.

Saudis Say They Don't Want War, But Will Defend Themselves
That would potentially bring it closer to being able to develop a nuclear weapon, something Iran insists it has never sought. And U.S. diplomats said airline companies could be mistakenly attacked by Iran, an idea Iran has dismissed.

With hearts sinking, those who had banked on the Opposition weakening the Modi-Shah duopoly are now hoping for a repeat of what happened this weekend in Australia, where as many as 54 exit polls got it wrong. The first exit poll was conducted by the Indian Institute of Public Opinion after the second Lok Sabha general elections that took place in 1957. "I want to understand what the Modi government can offer over the next five years that it has not been able to do in the last five years".

Exit polls have not only turned out to be a let down in India but also overseas. "Sometimes exit polls tend to be wrong and the results point towards a different trend but when all the exit polls indicate same thing, it will be a shocker if the real results will be different", said Panda. "While undoubtedly the TDP will form the government in Andhra Pradesh, we are confident that the non-BJP parties will form a non-BJP govt at the Centre", Naidu said.

Earlier, during a teleconference with TDP leaders, Naidu predicted that the party will win 110 seats in the 175-member Assembly.

Arun Jaitley, finance minister in the BJP government, said he was confident in the exit polls.

Ford announces more job cuts as company 'redesign' continues
Today Ford Motor Co. announced that 7,000 employees around the company will lose their jobs as part of an organizational revamp. The layoffs included closure of five factories in the US and Canada and cuts of another 8,000 white-collar workers worldwide.

As in previous elections, the polling has been marked by violence, most recently in West Bengal state where tens of thousands of security forces have been deployed following street clashes between BJP and rival supporters of the regional Trinamool Congress party. What did they say in 2004, that the BJP-led NDA would return to power. The voters are asked who they voted for.

"However, this is not reflected in any exit polls which give wide-ranging figures ranging from 225-325 to the BJP+NDA", he said. Yadav had said much the same thing in 2018.

According to its predictions, both the BJD and BJP will secure 10 Lok Sabha seats each while the Congress will win one.

Sony's PlayStation Apparently Wasn't Aware of Its Partnership With Microsoft
For what it's worth, the press release announcing the deal between Microsoft and Sony only mentions PlayStation by name once. According to Bloomberg the first time that numerous PlayStation staff heard about the deal was when it was public announced.

Latest News