The Lok Sabha Election Results indicated that NDA failed to break the ‘400 par’ mark which caused a severe stock market jolt
Investors have lost a significant amount across dually listed stocks and both the Sensex and Nifty50 each had their worst performance since the pandemic
Investors have lost a significant amount across dually listed stocks and both the Sensex and Nifty50 each had their worst performance since the pandemic
Companies in the Adani group especially felt the heat during the volatility in the market.
Earlier, so called ‘Modi stocks’ were anticipated to rise but the Lok Sabha Election Results overturned such predictions.
While vote counting was initiated, Sensex fell below 6000 points and Nifty50 came around 2000 points.
Lok Sabha Election Results: Sensex Crashed 20 Lakh Crore wiped off
Market wealth eroded by more than Rs 45 lakh crore, while very few stocks such as Hindustan Unilever, Nestle India, and Britannia in FMCG traded in the green
Analysts had expected a bounce, but the BJP election result let down the participants
The NSE index was down by 0. 98% and BSE Trough index declined by as much as 1. 08%, PSU stocks such as NTPC, Coal India and ONGC and other heavyweights were also substantially down.
The stock market volatility index rose by more than 40% and hit the highest level in 52 weeks at 31. 71
As of now today over 20 lakh crore has been wiped out after Lok Sabha result