Narendra Modi is due to begin talks to form a government with allied smaller partners a day after election results showed Indian voters delivered his Bharatiya Janata party a weakened mandate, in the prime minister’s biggest political setback in his decade of power.
Stock markets in India rose slightly in early trading on Wednesday after sharply selling off the day before in response to the split election result, which augured a less stable political landscape for the prime minister’s third five-year term.
The Nifty 50 index of India’s top stocks rose 0.7 per cent on Wednesday after suffering a 5.9 per cent drop a day earlier, mirroring a similar rise and fall by the BSE Sensex benchmark index
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