Modi and market cap

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A sharp rally in the market has coincided with the projection of Narendra Modi as the BJP's prime ministerial candidate. Since September 13, 2013, when the Gujarat chief minister was announced as the party's choice for the country's top job, the Indian markets have rallied over 14 per cent, with Sensex companies adding Rs 4.7 lakh crore in value. Market capitalisation of the Adani group, which has most of its investments in Gujarat, has nearly doubled in the period. Here's a snapshot of how various industrial groups have fared during the said period.