It was the biggest single-day rout the Adani Group has faced, dwarfing the hit it took from a US short seller's allegations of corporate malfeasance The steep loss, exceeded only by Elon Musk and Mark Zuckerberg,

Today’s victory is the victory of the world’s largest democracy,” Modi told the crowd at his party’s headquarters, saying Indian voters had “shown immense faith” both in his party and his National Democratic Alliance coalition.

The results appear to mark a rare setback for a politician who has never failed to secure a majority in state or national elections over a 23-year political career.