Why political stability, not who wins, is the driving force for Sensex

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Credit: Reuters

Since May 2014, when the Bharatiya Janata Party won a majority in parliament in the first such victory in 30 years and Narendra Modi became prime minister, the BSE Sensex has risen more than 60%. This sounds impressive. Until you realise that the 30-stock benchmark had doubled in the previous ......

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