It is rare that you see an election have this large of an impact, but the Indian stock market surged on the new election results. The Congress party won a decisive victory in India and this sent Indian stocks up 17% on average. The move was so large that the Bombay Stock Exchange had to close after already seeing one halt. This had a huge impact on the stocks, which you can see reflected in the share prices here in the high pre-market indications of the major ETF’s, closed-end funds, and active ADR’s.
Full Story: http://247wallst.com/2009/05/18/india-elction-winners-by-etf-shares-pin-epi-iif-ifn-inp-infy-ibn-redf-say-slt-ttm-wit/#more-34748