BENGALURU -- Indian election results showing an underwhelming victory for Prime Minister Narendra Modi's coalition sparked volatile trading in shares of companies owned by Gautam Adani, prompting an opposition leader to claim that the fates of the nation's leader and its most prominent billionaire were "correlated."
India elections
Adani Group stocks volatile on Modi-led coalition's slim victory
Opposition leader says fates of prime minister and conglomerate are 'correlated'
Uncertainties over Indian Prime Minister Narendra Modi's capability to execute policies amid the new balance of power in the ruling coalition may have a lasting impact on the markets for some time to come. (Photo by Ken Kobayashi)
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