India Exit Polls Forecast Of Modi’s Win Rallies Markets, Riles Opposition

Each day, Bloomberg journalists take you across a selection of towns and cities as they gear up for the big vote.

Prime Minister Narendra Modi shifted focus to administration after campaigning extensively during the six-week long national election in which his Bharatiya Janata Party is widely predicted to return to power with an even bigger majority. Modi held meetings to discuss the unprecedented heat-wave and post-cyclone flood situations in several states. All major exit polls showed that the BJP-led National Democratic Alliance will win substantially more seats than the 272 needed for a majority in India’s parliament. Official election results will be released on June 4. While the opposition parties dismissed the exit polls, financial markets cheered the development with the key stock indexes hitting record levels.