Oh Modi!! Sensex Crash 4000 Points

Article by Satya B Published on: 12:00 pm, 4 June 2024

Indian stock markets plummeted by nearly 4,000 points today as vote-counting trends for the Lok Sabha polls showed a narrower-than-expected lead for Prime Minister Narendra Modi’s BJP-led alliance.

The BSE Sensex fell 5.07% or 3,997 points to 72,684, and the NSE Nifty 50 dropped 5.07% or 1,178 points. This downturn followed a sharp rally on Monday, driven by exit polls predicting a significant BJP majority.

Key losers included State Bank of India, Reliance, and HDFC Bank. Sun Pharma and Nestle were the only gainers. Asian markets showed mixed performance, with US markets ending on a mixed note.

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