00:00India's benchmark Sensex index surge after the exit poll showed that the ruling NDA would
00:08cross 300 seat mark. The benchmark Sensex index rose about 3.45% to be at 39,200 while
00:18the Nifty index rose 3.45% to be at 11,800. The rupee appreciated about 89 paise against
00:26the dollar to be at about 69. Remember that these exit polls have shown that the BJP NDA
00:34would cross comfortably the 272 or the halfway mark and they would get about 300 seats according
00:41to exit polls. The impact of the Trump administration's threat to choke Huawei has reverberated the
00:46global supply chain. Shipmakers such as Qualcomm or Broadcom or Intel have told their employees
00:52they would not service or supply Huawei until further notice. Alphabet's Google has also
00:59made intentions clear to sever all the supply contracts with Huawei as far as hardware services
01:05or software services go. Oil prices surged after Saudi Arabian OPEC Plus members said that they
01:11would keep the supplies constrained. Oil prices rose as much as $1.7 to be at 63.81 that is in
01:21case of WTI and the Brent prices rose 30 cents to be at about $73 per barrel. Remember that oil
01:29prices have surged 40% in the year so far because of constrained supplies.
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