Mumbai: The Indian stock markets experienced a significant crash on Tuesday, plummeting by over 6,000 points.
This sharp decline followed the counting of votes which indicated that Prime Minister Narendra Modi’s BJP-led NDA alliance had crossed the majority mark but failed to achieve the landslide victory predicted by most exit polls.
The benchmark BSE Sensex tumbled by as much as 6,234.35 points, or 8.15%, in morning trade, reaching a low of 70,234.43 levels.
Similarly, the NSE Nifty50 saw a steep drop of 1,982.45 points, or 8.52%, hitting the session’s low of 21,281.45.
Among the 30-share Sensex constituents, the top losers included State Bank of India, Reliance, Larsen & Toubro, Powergrid Corporation, NTPC, and HDFC Bank.
The sudden market downturn reflects investor apprehension over the election results and their potential impact on the country’s economic policies and stability.
