Share Market Crash: The Lok Sabha election results have begun to emerge, showing an initial lag for the NDA. Simultaneously, there has been a significant decline in the Share market. At the opening today, the Sensex plummeted by 3700 points and the Nifty has been tested by approximately 22,100 points. Presently, the Sensex stands at 73,200, while the Nifty hovers around 22,233.
In the latest update, significant declines are observed across all sectoral indices of NSE. The Nifty PSU Bank Index has experienced a drop of over 7%, while the Financial Services sector has seen a decline exceeding 4%, and the Metal sector has witnessed a 5% decrease. Additionally, the Realty and Private Bank Indexes have both fallen by more than 3%.
The SmallCap index dropped by 4.5 percent to 46,038 points, while the MidCap declined by 4.9 percent to 42,159 points in early trading. In comparison, the BSE Sensex decreased by 3.67 percent, and the Nifty 50 fell by 3.75 percent.
Also Read: Lok Sabha Election Results 2024 LIVE: From Varanasi To Puri, See What’s Cooking On Hot Seats