The S&P BSE Sensex index plunged over 6,200 points intraday, before settling 4,390 points, or 5.74 per cent, lower at 72,079 levels, on Tuesday
Stock Market Highlights on June 04: In the broader markets, the BSE MidCap, and SmallCap indices sank up to 12 per cent intraday before settling up to 8 per cent lower
While market sentiment will no doubt take a sharp hit in the event of a change in government or a weak coalition, analysts said, it's important to remember that there are many good things going well
Shares of Hero MotoCorp hit a new high of Rs 5,349, surging nearly 4% on the NSE in Tuesday's intra-day trade, as compared to 5.8% decline in the Nifty 50.
Stock market highlights on Friday, May 24: Among sectors, the Nifty Bank, and Private Bank indices added 0.4 per cent each
India VIX, which measures the likely volatility in the Indian markets over the next 30 days, had slumped over 22 per cent on June 3
The NSE Nifty on Tuesday, June 04, registered its biggest intra-day fall ever on declining nearly 2,000 points beating the Covid-19 induced panic selling loss of 1,162 points on March 23, 2020.
Given the strong platform already constructed by the present government, it would require more fine tuning measures to take the economy ahead
As of 13:03 PM; NDA was leading on 292 seats and the INDIA Alliance was ahead on 233 seats, while others were on top of 18 seats
BHEL, Bharat Electronics, Adani Ports and Special Economic Zone, REC, Power Finance Corporation (PFC) from the future & option (F&O) segment stocks tanked 25 per cent
Other major holdings in his portfolio encompass ITC (down 3%), VIP Industries (down 7%), Infosys (down 1.5%), Grindwell Norton (down 3.5%), Cummins India (down 13%)
The sharp drop was primarily driven by uncertainty surrounding the outcome of the Lok Sabha 2024 election results
At 11:49 am; Nestle India (Rs 2,385.45), Pidilite Industries (Rs 2,988.45) and Divi's Labs (Rs 4,343.80) were trading higher by up to 1% higher, as compared to a near 5% decline in the BSE Sensex.
Government-owned shares witnessed intense selling pressure as analysts feared that the relatively poor showing of the Modi-government may impact its reforms agenda.
With improved macroeconomic indicators, enhanced government spending and a favorable monsoon forecast, the upcoming year holds promise for a gradual uptick in consumption sentiment, analysts believe.
Ambitious targets were tactfully set by BJP to ward off complacency among the BJP and NDA cadre; it had become a talking point in the absence of the strong wave, as seen in 2014 and 2019: JM Financial
At 10:16 AM, all constituents of the BSE Power Index were trading in negative territory
This came after investors resorted to profit booking while tracking early trends indicating a closer contest between the BJP-led NDA and INC-led INDIA Alliance, diverging from exit poll predictions
At 09:41 am; Adani group stocks had recovered up to 13 per cent of the intra-day losses, but were still down in the range of 6 per cent to 10 per cent on Tuesday.
Adani Enterprises, Adani Power and Adani Wilmar can potentially rally up to 30 per cent from present levels, suggests the key retracement ratios.