Representative photograph.
Pudhari Online Desk : In the counting of votes for the Lok Sabha elections, a close fight is seen. This had an effect on the stock market. There was a big fall in Sensex today. It opened with a fall of 183 points in early trading. Immediately the Sensex fell by 1700 points to hit a low of 74,753. The Nifty also opened with a fall of over 84 points and has fallen over 539 points to 22,724.80. India VIX was at 26 at 9:30 am.
The counting of votes for the Lok Sabha elections started today (June 4) at eight o'clock in the morning. In the initial counting of votes, the BJP-led NDA had taken a decisive lead. But later India Aghadi also made a strong comeback. The NDA lost in the initial polls and this had a direct impact on the stock market. It opened with a fall of 183 points in early trading. Immediately the Sensex fell by 1700 points to hit a low of 74,753. The Nifty also opened with a fall of over 84 points and has fallen over 539 points to 22,724.80.
Sensex slumps by over 2500 points; Currently trending at 73,775.70 and down by 2693.098 points. pic.twitter.com/oDn3KQtVe4
— ANI (@ANI) June 4, 2024
On Monday, the market closed up more than 3 percent. At the close of trade on Monday, the Sensex gained 2,507.47 points (3.39%) to 76,468.78 while the Nifty gained 776.55 points (3.45%) to close at an all-time high of 23,307.25.
Sensex, Nifty experienced all-time highs on Monday
After the Lok Sabha polls, all exit polls have indicated the formation of a BJP-led NDA government at the Center once again. The positive results of this were seen in the domestic stock market today (June 3). Nifty opened above 23,300 for the first time. Nifty showed a gain of around 1600 points in Bank. While the Sensex was also seen trading above 76,000 for the first time. Due to this bullish wind, the wealth of investors in the stock market increased by Rs 12 lakh crore in the first two hours. At the close of trading on Monday, the Sensex gained 2,507.47 points (3.39%) to 76,468.78 while the Nifty gained 776.55 points (3.45%) to close at an all-time high of 23,307.25.
