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With the exit polls showing a larger-than-expected seat share for Prime Minister Narendra Modi’s party in the 2019 national elections, markets are now likely to be calmer. More gains may be expected, but a sustained rally remains unlikely as economic challenges return to the forefront.
Prime Minister Scott Morrison’s Liberal–National Coalition party defied expectations by winning the 2019 Federal elections over the opposition Labor Party. As it stands, the coalition party has won 75 seats and is on course to form a majority government with just one more seat.