The benchmark S&P BSE Sensex fell 0.2% to 37,815.94 as of 9:56 a.m. in Mumbai. This comes amid foreign outflow after Modi govt's spending plan was revealed in the Budget.
Stocks surged after two opinion polls indicate victory for Prime Minister Narendra Modi’s ruling coalition. When Modi govt first formed in 2014, Sensex rose 30%, the most since 2009.
RJD, once a prominent representative of Mandal politics, now finds itself in a political era where welfare, good governance, and new aspirations are overshadowing old caste equations.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
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