The AIADMK has won 37 of the 39 seats in the Lok Sabha, Tamil Nadu race.
The BJP also won the Kannyakumari Lok Sabha seat while PMK won the Dharmapuri seat, Indian Express said.
“I wish the new government and Prime Minister well, and hope that the new Centre will be friendly towards Tamil Nadu,” said AIADMK general secretary and Tamil Nadu Chief Minister J Jayalalitha. Her primary campaign pitch was to set up a “friendly government.”
AP update: Indian stocks outperform in markets after Modi win
HONG KONG (AP) â Indian stocks jumped Friday as preliminary results from national elections indicated the opposition had won a landslide victory. Other global markets were subdued at the end of a fairly volatile week.
Indian stocks have been rising since voting in the world’s most populous democracy got underway six weeks ago. Investors have been anticipating a victory for the Bharatiya Janata Party and its allies.
Narendra Modi, the party’s candidate for prime minister, has campaigned on a pledge to revive economic growth amid widespread dissatisfaction with the ruling Congress party after a decade in power.
The Sensex stock index in Mumbai surged 6.1 percent at one stage before paring gains to close 0.9 percent higher.
“The BJP victory is likely to herald a revival in India’s economic fortunes, with the potential to boost Indian GDP growth back over 8 percent by 2017,” said Rajiv Biswas, Asia Pacific Chief Economist at IHS Global Insight.
Elsewhere, the mood was far more subdued as the week closed out with a whimper following broad-based losses on Thursday in the wake of soft economic data out of Europe and the U.S.
In Europe, the FTSE 100 index of leading British shares closed 0.2 percent higher at 6,855.81 while Germany’s DAX fell 0.3 percent to 9,629.10. The CAC-40 in France ended 0.3 percent higher at 4,456.28.
