- Reason for Slump: Exit polls predicted a strong win for the NDA government, leading to market gains earlier. However, actual results show a stronger showing by the INDIA bloc than anticipated, creating uncertainty about potential policy changes under a reduced NDA mandate. This uncertainty is driving investors to sell stocks, causing the market to fall.
- Impact: Both key indices, Sensex and Nifty, are down over 5%. This translates to a massive drop in the total market capitalization of listed companies. Experts believe this is a short-term sentiment-driven reaction.
- Expert Opinions: Some market analysts view this as a buying opportunity (“bottom fishing”) due to the strong fundamentals of the Indian economy. They believe the market will recover once the political situation clarifies.
Here are some additional details you might find helpful:
- Losses: All Sensex stocks are trading in the red, with major companies like NTPC, Power Grid, SBI, and L&T leading the decline.
- Specific Figures: You can find specific figures like the percentage drop in the indices and the exact market capitalization loss by searching for “Stock Market Crash Live Updates India” or similar keywords online.
