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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
INDIA
The counting of votes in India's five state elections went underway on Saturday. The results draw interest as a bellwether of public approval for PM Modi's handling of India's dire Covid-19 situation. Three outspoken BJP critics clung onto power in their respective states.
- West Bengal: The main focus was on West Bengal, clearly prioritised by BJP. TMC leader Mamata Benerjee (well-known Modi critic) led the incumbent TMC to a landslide victory but lost her seat in the legislature, while BJP fared worse than predicted by virtually all pollsters. BJP's crushing defeat was a major setback to PM Modi, who last month said he expects BJP to win over 200 seats there and personally appeared at numerous rallies. Voting for two remaining constituencies has been rescheduled for May 16.
Source: Election Commission of India
- Kerala: The anti-Modi LDF alliance increased their majority in the Keralan legislature, becoming the state's first incumbent gov't in 40 years to win re-election. BJP lost its only seat, despite expectations that it might increase its presence in the legislature.
Source: Election Commission of India
- Tamil Nadu: The DMK led by Muthuvel Stalin, another Modi critic, convincingly defeated the incumbent AIADMK (members of BJP-led federal NDA alliance) in Tamil Nadu.
Source: Election Commission of India
- Assam: BJP returned to power in Assam, albeit with fewer seats than after the 2016 poll.
Source: Election Commission of India
- Puducherry: The BJP-led NDA alliance secured re-election in Puducherry.
Source: Election Commission of India
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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