Indian Stock Market Shudders: BSE Sensex and Nifty Plunge, Defying Exit Poll Predictions

Indian stock market faces unexpected losses: BSE Sensex plunges 5.45%, Nifty drops 5.60% ,defying exit poll predictions favouring the National Democratic Alliance (NDA).
Indian Stock Market Shudders BSE Sensex and Nifty Plunge, Defying Exit Poll Predictions

In a surprising turn of events, the Indian stock market experienced significant losses during today’s trading session. The BSE Sensex plummeted by 4,165.91 points (5.45%) to close at 72,302.87, while the NSE Nifty dropped 1,303.85 points (5.60%) to settle at 21,960.05. These declines contradicted the exit poll predictions of a substantial victory for the National Democratic Alliance (NDA).

The midcap and smallcap indices also reflected the overall market sentiment, shedding 8.5% and 7%, respectively. Among the 30 Sensex companies, State Bank of India (SBI) suffered a massive decline of over 10%. Power Grid and NTPC also plunged nearly 10%. Other major laggards included Larsen & Toubro, Axis Bank, Tata Steel, and Reliance Industries.

Interestingly, just a day earlier, the market had reached record highs. On Monday, the Sensex surged by 2,778 points (almost 4%) to an all-time high of 76,738.89. The Nifty 50 followed suit, hitting a fresh record high of 23,338.70, gaining 808 points (nearly 4%).

Exit polls conducted on Saturday had predicted a decisive NDA win, with Prime Minister Narendra Modi expected to secure a third consecutive term. However, the actual vote count trends have disproved these predictions, leaving investors and analysts surprised.

As the dust settles, market participants eagerly await further developments and adjust their strategies accordingly. Stay tuned for updates as the political landscape unfolds. 

Loading
Read More News
GP Eco Solutions IPO, दूसरे दिन 228.51 गुना सब्सक्रिप्शन, निवेशकों का तगड़ा रिस्पॉन्स!

GP Eco Solutions IPO, दूसरे दिन 228.51 गुना सब्सक्रिप्शन, निवेशकों का तगड़ा रिस्पॉन्स!

GP Eco Solutions India IPO को दूसरे दिन 228.51 गुना अभिदान मिला, जो कंपनी के भविष्य और बिजनेस मॉडल में निवेशकों की महत्वपूर्ण रुचि और विश्वास को दर्शाता है।

Defence Stock : 50,000 करोड़ की डील से रक्षा शेयरों में उछाल, HAL 5% से अधिक बढ़ा!

Defence Stock : 50,000 करोड़ की डील से रक्षा शेयरों में उछाल, HAL 5% से अधिक बढ़ा!

रक्षा मंत्री की 50,000 करोड़ रुपये वार्षिक निर्यात और मेड-इन-इंडिया की इच्छा के कारण रक्षा स्टॉक में वृद्धि हुई; 156 हेलीकॉप्टर के RFP पर HAL को 5% का लाभ हुआ।

STOP PAYING

₹ 20 BROKERAGE

ON TRADES !

Trade Intraday and Futures & Options