Big fall in stock markets due to trends of Lok Sabha results
New Delhi, June 04 (HS): There is a big fall in the stock market on Tuesday amid the initial counting of votes for the Lok Sabha elections. Due to heavy profit booking during trading, both the major indexes of the stock market, Sensex and Nifty, fell drastically.
The Bombay Stock Exchange (BSE) Sensex is trending at 71,254.69, down by 5,214.09 points i.e. 6.82 percent. The National Stock Exchange (NSE) Nifty is trading at 21,643.45, down by 1,620.45 points i.e. 6.97.
Out of the 30 shares of Sensex, 24 shares are down and 6 shares are up. Shares of SBI, NTPC and Power Grid are down by more than 12 percent. However, Hindustan Unilever's stock is up by about 5 percent.
It is worth noting that this is the biggest fall in the stock market after March 4, 2020. Then the stock market fell by 13.15 percent due to the corona epidemic.
