(Bloomberg) -- Prime Minister Narendra Modi’s victories in three crucial state elections strengthened his party’s position before nationwide polls next year, driving up India’s equity benchmark to a new record high. Most Read from BloombergBitcoin Hits $40,000 Level for the First Time Since May 2022Alaska Air Agrees to Buy Hawaiian in $1.9 Billion DealKISS Avatars Go On Tour After Paul Stanley, Gene Simmons RetireUS Warns Iran-Backed Houthis After Attacks on Red Sea ShippingHow Suspects Laundere