Economists and stock market pundits in India's financial capital could hardly believe the election result, which seemed tailor-made for investors.
In contrast to their fears that the election would deliver an unstable coalition dependent on India's reform-allergic leftwing parties, investors are looking at what promises to be a stable government based on one of the large national parties.
Analysts expect investors to vote for the new government by driving the Bombay Stock Exchange's benchmark Sensex Index up by between 10 per cent and 25 per cent from its present level of 12,173.42 points.
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