Financial Times FT.com

Indian stocks rally ahead of election result

By Joe Leahy and James Fontanella-Khan

Published: May 13 2009 19:21 | Last updated: May 13 2009 19:21

Indian stocks have recorded one of their strongest rallies ahead of the posting of results in the country’s national election this Saturday, with shares rising 49 per cent in less than two months.

As the last states voted on Wednesday, ending the month-long election, analysts say much depends now on which coalition comes to power and whether it can command a decisive majority in the lower house of parliament, the Lok Sabha.

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