Closing bell: Sensex falls 3,900 points, Nifty at 22,000
Stock market highlights: Sensex and Nifty tanked over 5 per cent today as initial trends showed BJP winning lesser number of seats than predicted in exit polls. The 30-share BSE Sensex dropped 3,311.87 points or 4.33 per cent to 73,156.91. The NSE Nifty tumbled 1,102.55 points or 4.73 per cent to 22,161.35. After this, the BSE benchmark dived 4,131.44 points or 5.40 per cent to 72,337.34, and the Nifty slumped 1,263.3 points or 5.43 per cent to 22,000.60. Among the 30 Sensex companies, State Bank of India tanked over 10 per cent, while Power Grid and NTPC plunged nearly 10 per cent. Larsen & Toubro, Axis Bank, Tata Steel and Reliance Industries were the other big laggards....Read More
Follow Lok Sabha election Results LIVE Updates
However, the market indices soared to record-high levels on Monday after the exit polls predicted the return of the Modi government for the third straight term. Sensex surged 2,778 points, nearly 4 per cent, to hit its all-time high of 76,738.89. Nifty 50 surged 808 points, nearly 4 per cent, to hit its fresh record high of 23,338.70.
Exit polls on Saturday predicted that Prime Minister Narendra Modi will retain power for the third straight term, with the BJP-led NDA expected to win a big majority in the Lok Sabha polls.
Closing bell: Sensex falls 3,900 points, Nifty at 22,000
Closing bell: Sensex falls 3,900 points, Nifty at 22,000
Stock market crash LIVE updates: Sensex down 4,400 pts, Nifty around 21,900
Sensex down 4,400 pts, Nifty around 21,900
Stock Market Crash Live Updates: Gainers and Losers on Nifty
Only seven stocks, Hindustan Unilever, Nestle India, Britannia Industries, Hero MotoCorp, Tata Consumer Products, Cipla, and Divi's laboratories, out of the 50 on the Nifty 50 were trading in the green
Stock Market Crash Live Updates: Stock market crash leads to social media frenzy, meme storm on X
As the stock market crashed, numerous people had all sorts of reactions. Among them, many people took to X to post hilarious memes and jokes on the stock market. Read more
Stock Market Crash Live Updates: Here's how markets have performed on previous election result days
In a historical context, the Indian benchmark indices have only twice reported negative returns on Lok Sabha election result days out of the last six. The Nifty, which plunged over 8 percent in today’s intraday trading, also experienced a dip on the previous election result day, May 23, 2019, with a decline of 0.7 percent. Contrastingly, the markets recorded positive returns on all election result days prior to 1999.
Today’s trading session witnessed a significant reversal in the Indian markets, erasing Monday’s gains. This shift occurred as the Lok Sabha election results deviated from the positive predictions of exit polls. The unforeseen development triggered a wave of panic among investors, resulting in a frantic selloff that erased approximately ₹26 lakh crore in wealth during intraday trading.
Stock Market Crash Live Updates: Sensex down 3,900 points, Nifty at 22,000
Sensex down 3,900 points, Nifty at 22,000
Stock Market Crash Live Updates: Exit polls were done to influence share market, says CPI(M) General Secretary Sitaram Yechury
CPI(M) General Secretary Sitaram Yechury on Tuesday slammed the exit polls that predicted a landslide victory for the BJP-led NDA, alleging that they were done to influence the share market.
Yechury's reaction came as the latest trends from the counting of votes in the 2024 Lok Sabha election suggested that the Opposition INDIA bloc is giving a strong fight to the ruling dispensation contrary to most of the predictions of the exit polls.
"Exit poll was done to influence the share market and those who wanted to make money in the share market yesterday made money. Now the reality is coming in front of you. Now let the full results come, after that, we will tell you. INDIA alliance is doing well," Yechury told ANI.
After the exit polls prediction, the key benchmark indices of Indian stock markets, the S&P BSE Sensex and NSE Nifty-50, surged over 3.3% to their all-time high on Monday.
Stock Market Crash Live Updates: What happens if INDIA bloc wins?
In the previous trading session, all indices including Sensex and Nifty registered their best intraday gains with the exit polls showing Narendra Modi’s BJP winning over 350 seats and the National Democratic Alliance (NDA) grabbing between 360 and 400 seats. Read more
Stock Market Crash Live Updates: BSE Bank index declines 9%; Bank of Baroda down 16%, SBI down 13%
BSE Bank index declines 9%; Bank of Baroda down 16%, SBI down 13%
Stock Market Crash Live Updates: Experts suggest 9 stocks to add to your watchlist
After the Lok Sabha election results are not coming in tune with the exit polls, the Indian stock market is under sharp sell-off pressure. The Nifty 50 index has fallen around 1000 points, the BSE Sensex has tanked around 2800 points, and the Bank Nifty index has crashed over 2800 points during Tuesday deals. According to the stock market experts, this fall is entirely on the short-term sentiments caused by the Lok Sabha Election results below the market estimates.
Stock Market Crash Live Updates: Adani Group shares tumble; Adani Ports plunges 20 pc
Shares of all Adani Group companies tumbled on Tuesday as the initial trend showed BJP winning a lesser number of seats than predicted in exit polls.
The stock of Adani Ports plummeted 20 per cent, Adani Energy Solutions plunged 19.80 per cent, Adani Power slumped 19.76 per cent, Ambuja Cements tumbled 19.20 per cent and the group's flagship firm Adani Enterprises tanked 19.13 per cent on the BSE.
Adani Total Gas declined 18.55 per cent, Adani Green Energy dived 18.31 per cent, NDTV went lower by 15.65 per cent, ACC plunged 14.49 per cent and Adani Wilmar dropped 9.81 per cent.
Erasing the record-rally of the previous trade, the 30-share BSE Sensex dropped 4,131.44 points or 5.40 per cent to 72,337.34, and the Nifty slumped 1,263.3 points or 5.43 per cent to 22,000.60.
Stock Market Crash Live Updates: Stock markets may fall more if…
Sensex and Nifty extended losses as the indices fell over 6 percent each today as trends showed that BJP-led NDA will return to power with a smaller majority- in contrast with exit polls. At 12.13 pm, Sensex was down 4,881 points or 6.4 per cent at 71,587. Nifty 50 was down 1,558 points or 6.7 per cent at 21,705 and about 283 shares advanced, 3,060 shares declined, and 61 shares remained unchanged. Read more
Stock Market Crash Live Updates: BSE PSU index tumbles 15% today
REC, PFC, BEL, BHEL tank more than 20% each today
Stock Market Crash Live Updates: FMCG, healthcare stocks defy markets with spirited fight back, gain up to 4%
The sectors which defied the trends were FMCG and healthcare, with NIfty FMCG, Nifty Pharma and Nifty Healthcare gaining 0.23%, 0.40% and 0.60%, respectively around 10:40 am.
Stock Market Crash Live Updates: Sensex tanks over 4000 points
Sensex tanks over 4000 points
Stock Market LIVE Updates: Wave of volatility grips Dalal Street on counting day
A wave of volatility has gripped Dalal Street on counting day as investors rush to book profits, reacting to early Lok Sabha election trends that differ from the clear mandate exit polls gave to the BJP-led NDA.
Stock Market LIVE Updates: Top gainers and losers so far
Top gainers were HUL (up 2.58%), Britannia (1.82%), Apollo Hospitals (1.62%), Divi's Laboratories (1.52%), Sun Pharma (1.44%).
Top losers were Adani Enterprises (down 6.74%), Adani Ports (down 6.25%), Coal India (down 5.75%), Shriram Finance (down 5.28%) and ONGC (down 5.19%).
Stock Market LIVE Updates: Stocks to buy as per Jefferies
Global brokerage firm Jefferies highlighted potential for industrial sector to benefit from political continuity if Prime Minister Narendra Modi retains power. Among top picks for stocks that could rally by up to 33% are HAL, L&T, and ABB India.
Stock Market LIVE Updates: Sensex tanks over 3,600 points
Sensex tanks over 3,600 points as fear gauge India VIX skyrockets 36% today
Stock Market LIVE Updates: All Adani group shares fall on election result day
The Adani group’s Ambuja Cements fell 6.50% to Rs.627. Adani Enterprises itself fell by 5.915% to Rs.3429.80. Adani Green Energy fell 5.11% to Rs.1933.50. ACC fell 4.52% to Rs.2556.50. Adani Wilmar fell 3.94% to Rs.353.85. Adani Power fell by 2.81% to Rs.850.40. Read more
Stock Market LIVE Updates: V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services on steep fall in stock market
V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, "The steep fall is due to the results so far falling short of the exit polls which the market had discounted yesterday. If BJP doesn’t get a majority on its own there will be disappointment and this is getting reflected in the market."
Stock Market LIVE Updates: Sector Indices Heat Map
All the sectoral indices were in the red, as investors booked profit, following Monday's record rally.
For instance, top sectoral gainers from Monday, the PSU Bank and Oil & Gas indices, were the top losers in early trades on Tuesday.
Stock Market LIVE Updates: ₹14 lakh crore gone as INDIA fights back
Investor wealth fell by ₹14.27 lakh crore to ₹411.64 lakh crore compared with a valuation of ₹425.91 lakh crore recorded in the previous session. All Sensex stocks were trading in the red. L&T, PowerGrid, SBI, Reliance, NTPC, HDFC Bank led the losses on Sensex, falling up to 4.86% in early deals.
Stock Market LIVE Updates: Sensex falls 1,600 points, Nifty below 22,800
Sensex was down 1,592.74 points or 2.08 per cent at 74,876.04, and the Nifty was down 488.30 points or 2.10 per cent at 22,775.60. About 519 shares advanced, 2573 shares declined, and 102 shares unchanged.
Stock Market LIVE Updates: Nifty Bank falls over 4%
Nifty Banking index slips below 49,000
PNB, BoB among top laggards today
Stock Market LIVE Updates: Investors lose ₹9 lakh crore in 15 minutes as Sensex crashes
Sensex commenced trading with a decline of over 1,600 point dragged down by heavyweights such as Reliance Industries and financial stocks.
Stock Market LIVE Updates: Stock market tumbles as early election trends trigger volatility
The stock market opened on a negative note on Tuesday amid the ongoing trends from the Lok Sabha election.
This downturn comes after the market hit an all-time high on Monday, with significant advances and no losers.
At the opening bell, the Sensex plunged by 1,135.48 points to 75,333.30, while the Nifty dropped by 408.35 points to open at 22,855.55. Among the Nifty companies, only 6 were advancing, and 44 were declining, reflecting widespread caution among investors.
In the Nifty index, Sun Pharma, Divi's Lab, Nestle India, Cipla, and Britannia emerged as the top gainers. Conversely, Adani Ports, Adani Enterprises, Larsen & Toubro (LT), Coal India, and ONGC were among the top losers, dragging the index down.
Stock Market LIVE Updates: Sensex tanks 2,700 points, Nifty cracks below 22,450
Sensex tanks 2,700 points, Nifty cracks below 22,450 after early trends of Lok Sabha election results came in
Stock Market LIVE Updates: A look at Adani stocks today
Adani group stocks tumble as much as 11% today
Adani Gas, Adani Enterprises are among top losers
Stock Market LIVE Updates: Top gainers on Nifty
Top gainers on Nifty are Sun Pharma, Nestle, Cipla, Britannia and Divis Labs.
Stock Market LIVE Updates: Top losers on Nifty
Adani Ports, Adani Enterprises, L&T, ONGC and Coal India are among the top losers on the Nifty.
Stock Market LIVE Updates: Top two things you need to know about stock market today
All sectors are in red except pharma & healthcare indices
Oil & gas and PSU banks top losers today
Stock Market LIVE Updates: Sensex, Nifty fall 2% each
Sensex was down 1,544.14 points or 2.02 per cent at 74,924.64. Nifty was down 491.10 points or 2.11 per cent at 22,772.80. About 891 shares advanced, 1572 shares declined, and 121 shares unchanged.
Stock Market LIVE Updates: Rupee opens lower
The Indian rupee opened 10 paise lower at 83.24 per dollar today versus Monday's close of 83.14.
Stock market LIVE Updates: Morgan Stanley ‘Overweight’ on Adani Ports and Reliance Industries
Morgan Stanley targets Rs.1,517/Share for Adani Ports and Rs.3,046/Share for Reliance Industries.
MS On Adani Ports
Overweight Call, Target `1,517/Sh
Acquires Container Terminal At Tanzania Port
30-Yr Agmt To Operate & Manage Ct2
95% Stake Acquired Through Consortium JV (EAGL) For $39.5 m
Cargo Volumes Were Flat YoY In May'24 & +5% YoY For YTDFY25
Shutdown Of Gangavaram Port Led To Volume Loss Of 6 mmt In April-May 2024
MS On Reliance
Overweight Call, Target `3,046/Sh
Re-Rating Potential Takes Center Stage As Monetisation Cycle Picks Up
Expect A Steady Re-Rating , Earnings Catch-Up Will Be A FY26 Event
Multiple Catalysts From Improving Retail & Energy Earnings Keep Us Overweight
Co Remains In Top Five In Regional Preference Order.
Stock market LIVE Updates: Adani Group stocks see ₹1.4 lakh crore gain today, zoom 16% as exit polls predict PM Modi's return
Adani Group stocks today: Shares of Gautam Adani's Adani Group surged as much as 16% today following exit polls which indicated that Prime Minister Narendra Modi's led BJP will win in the Lok Sabha elections. The stocks continued their surge for the second consecutive session and increased trading volumes added over ₹2.6 lakh crore to the group's market capitalization in just two sessions. Read more
Stock market LIVE Updates: Huge stock market rally expected on June 4? What brokerages advised ahead of Lok Sabha election results
The BSE Sensex and the NSE Nifty were at fresh record highs today which added nearly ₹12 lakh crore to the BSE market capitalisation (m-cap) as almost all exit polls predicted the BJP-led NDA's seat wins in the 350-400 range. This comes after stock market investors trimmed expectations on BJP or NDA seat counts owing to lower turnout in the first few phases of Lok Sabha elections 2024. Read more
Stock market LIVE Updates: These stocks are set to surge if PM Modi wins third term as exit polls predict
Brokerage firms identified stocks that could benefit from the formation of PM Modi led-NDA coalition government as exit polls indicated a clear majority for the alliance. Almost all exit polls showed that the BJP is likely to win the Lok Sabha elections on June 4 and is set to secure more than 370 seats. Analysts predicted that if exit polls are accurate, “Modi stocks” could rally. These are stocks of the companies or sectors that have benefited directly from government policies and initiatives under Prime Minister Narendra Modi. Read more
Stock market LIVE Updates: Sensex, Nifty log biggest single-day gain in 3 yrs as exit polls predict 3rd term for Modi govt
After the exit polls predicted the return of the Modi government for the third straight term, benchmark Sensex and Nifty zoomed more than 3 per cent on Monday, recording their biggest single-day gain in three years and closing at lifetime highs.
The 30-share BSE Sensex soared by 2,507.47 points or 3.39 per cent to settle at a new closing peak of 76,468.78 points with 25 of its constituents ending in the green and five in the red. During the day, the barometer jumped 2,777.58 points or 3.75 per cent to hit a record intra-day peak of 76,738.89.
The NSE Nifty climbed 733.20 points or 3.25 per cent to finish at 23,263.90. During the day, it soared 808 points or 3.58 per cent to hit a fresh intra-day all-time high of 23,338.70.