(Bloomberg) -- Indian shares and bonds reversed steep losses as Prime Minister Narendra Modi's Bharatiya Janata Party was leading in the key central state of Madhya Pradesh.
The S&P BSE Sensex was up 0.3 percent after falling as much as 1.5 percent. The 10-year bond yield was down 2 basis points to 7.57 percent after rising as much as 12 basis points.
The rupee also pared declines of as much as 1.6 percent against the dollar.
READ: Indian Assets Slide as Poll Leads, RBI Chief's Exit Roil Market
To contact the reporter on this story: Subhadip Sircar in Mumbai at ssircar3@bloomberg.net
To contact the editor responsible for this story: Tan Hwee Ann at hatan@bloomberg.net
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