Indian Stocks Drop After Election Results Show Tight Win for Modi
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Election results indicated that Prime Minister Narendra Modi's party would lose its outright majority, damping expectations for business-friendly reforms. Gautam Adani's **Adani Ports & Special Economic Zone**—not currently a Sensex constituent—plunged 21%. Weekend exit polls had suggested Modi's Bharatiya Janata Party, or BJP, could top the seats it won in the last general elections.