Sensex plunges over 4,000 points intraday; check factors behind the fall
The benchmark Sensex dropped as much as 4,131 points, or 5.40 per cent, to hit an intraday low of 72,337.34 levels, on Tuesday, June 4.
The sharp drop was primarily driven by uncertainty surrounding the outcome of the Lok Sabha 2024 election results. Read more
LS poll impact: PSU shares in free fall mode; most stocks hit lower circuit
Most of the shares of PSU companies were locked at the lower circuit in intra-day deals on Tuesday, as the actual counting of votes for the Lok Sabha election displayed a contrast picture as against the exit poll results.
As of 11:20 AM, the Bharatiya Janata Party led Narendra Modi National Democratic Alliance (NDA) was leading in 297 seats out of the 543 strong parliamentary constituencies as against the average exit poll prediction of over 350 seats. Read more
Rupee, bond fall as early vote count do not meet exit poll expectation
The rupee depreciated and bond yields rose in early trade as vote counting in the general election on Tuesday showed the Opposition INDIA alliance defying exit polls to challenge the ruling BJP-led National Democratic Alliance (NDA).
The Bharatiya Janata Party was leading on 229 seats (it won one seat in Gujarat earlier uncontested). The Congress party, which leads INDIARead more
India VIX up 42%, posts biggest 1-day rally in 9 yrs amid LS polls jitters
Stock market on Lok Sabha election results day, June 4: India VIX, the volatility gauge for India’s stock market, soared over 40 per cent, posting its biggest single day rally in over nine years, as early trends from Lok Sabha election results showed the Narendra Modi-led NDA facing a tight competition from INDIA bloc.
At 11:15 AM, India VIX was up 39 per cent at 29.12 levels, slightly off the day’s high mark of 29.79 levels. On the bourses, the benchmark BSE Sensex index was down over 3,700 points around 72,700 levels, while the NSE Nifty50 was down over 1,100 points, near 22,100. Read more
