Sensex Plummets 3,000 Points, Nifty Crashes Over 22,450 Points as Election Trends Roll Out
The stock market experienced a significant downturn today, with both the Sensex and Nifty suffering substantial losses exceeding 5%. This rapid and steep decline occurred as early election trends indicated that the BJP was securing fewer seats than exit polls had predicted. Also Read - https://indiaobservers.com/stock-market-drop-bjp-nda-election-trends/ The BSE Sensex, comprising 30 major companies, fell by 3,311.87 points or 4.33%, closing at 73,156.91. The NSE Nifty also saw a considerable drop, losing 1,102.55 points or 4.73%, to settle at 22,161.35. The BSE benchmark continued its descent, plunging another 4,131.44 points or 5.40% to 72,337.34, while the Nifty declined further by 1,263.3 points or 5.43%, reaching 22,000.60. Within the Sensex, several key stocks faced severe declines. The State Bank of India fell over 10%, with Power Grid and NTPC also dropping nearly 10%. Other significant losers included Larsen & Toubro, Axis Bank, Tata Steel, and Reliance Indust...