The electoral victories will embolden the BJP to go on the offensive in the ongoing winter session of Parliament.

The ruling Bharatiya Janata Party (BJP) and its allies are set to retain power in India’s richest state, in a major boost to prime minister Narendra Modi and his Hindu nationalist party. The Mahayuti alliance,

Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Stock benchmarks in India surged on Monday as Prime Minister Narendra Modi’s Bharatiya Janata Party-led alliance secured a thumping victory in the nation’s wealthiest state of Maharashtra.

Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) is on course to win a landslide majority in India's richest state of Maharashtra, trends show. The BJP and its allies are leading on close to 220 out of 288 seats, comfortably placed above the halfway mark needed to form a government.

Indian Prime Minister Narendra Modi's party and its allies were set to return to power in the nation's richest state, television channels reported on Saturday, a boost for the Hindu-nationalist leader after a disappointing general election.

Prime Minister Narendra Modi’s ruling alliance won an election in Maharashtra by a wide margin, signaling policy continuity in a state which houses most of India’s billionaires and is home to some of the country’s biggest investments.

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:

Prime Minister Narendra Modi and his party scored a big political win over the weekend. After losing its parliamentary majority in national elections in June, the BJP posted a landslide victory in a state election in Maharashtra,

Indian indices extended gains on Monday after Prime Minister Modi's party and his allies secured victory in the state of Maharashtra. The BJP's win provided some relief to the market, as the election outcome ended political instability in the Indian state.

"You know that on the 12th of January, on the birth anniversary of Swami Vivekananda, the country celebrates ‘Youth Day’. Next year is Swami Vivekananda’s 162nd birth anniversary," PM Modi said.