India’s bookies are still holding out on the Congress party scraping through a largely issueless election with Prime Minister Manmohan Singh the firm favourite to retain his post. They have given L.K. Advani, leader of the Bharatiya Janata Party, a 3-1 chance to win the top job.
But are the bookies, who operate below the radar, missing out on a possible late advance by BJP?
Shares rose 4 percent to their highest close on Tuesday on investor speculation that the BJP, seen as business-friendly, may have gained momentum in the final stages of a mammoth election.
Isn’t it a bit unusual that Dalal Street is betting on a BJP win while the bookmakers are sticking to the Congress?
Or is it just speculation in an election as muddled as this, with no real clear pattern?