On June 3, India's stock market volatility index, India VIX, dropped 22% as exit polls predicted a decisive victory for Prime Minister Narendra Modi's BJP in the 2024 elections. This forecast eased investor concerns, propelling the BSE Sensex up over 2,600 points to a record 76,739, and the Nifty50 to 23,339. Analysts expect the BJP's win to ensure continued economic growth and reforms, focusing on investment-led development in key sectors such as infrastructure and manufacturing.