India's stock market hits the ceiling
China Daily | Updated: 2009-05-19 07:57
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Men watch a display in front of the Bombay Stock Exchange in Mumbai, India, yesterday. Indian shares extended gains to 17.3 percent, halting trade for the rest of the day. Bloomberg News |
MUMBAI: India's stock market surged an unprecedented 17 percent, forcing trade to close for the day, after the Congress Party's definitive victory in national elections set the scene for long-delayed economic reforms.
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