Slamming Congress for questioning Electronic Voting Machines (EVMs), the BJP on Wednesday said the politics of the grand old party has been reduced to mere accusations and frustration.

Indian Prime Minister Narendra Modi's party and its allies were set to return to power in the nation's richest state, television channels reported on Saturday, a boost for the Hindu-nationalist leader after a disappointing general election.

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:

Indian indices extended gains on Monday after Prime Minister Modi's party and his allies secured victory in the state of Maharashtra. The BJP's win provided some relief to the market, as the election outcome ended political instability in the Indian state.

Stock benchmarks in India surged on Monday as Prime Minister Narendra Modi’s Bharatiya Janata Party-led alliance secured a thumping victory in the nation’s wealthiest state of Maharashtra.

"You know that on the 12th of January, on the birth anniversary of Swami Vivekananda, the country celebrates ‘Youth Day’. Next year is Swami Vivekananda’s 162nd birth anniversary," PM Modi said.