Stock Markets have crashed on elections result day on 04th June 2024. On the election results day, major indices got a jolting shock with unsettling mandate. BJP emerged as single largest party. But they scored only around 240 MP seats while Congress headed I.N.D.I.A bloc have scored high. So, other regional parties have become crucial for forming a settled government at Union.
Going into the details, Markets saw investors going for selling off their holds. Within this one session, investors have lost Rs.30 lakhs crores and BSE Sensex at one point lost 6,000 points. Nifty50 has also crashed to never before seen levels losing close to 1500 points. Both big indices of Stock Markets, BSE lost 4389.73 points to close at 72,079.05 and Nifty lost 1,379 points to close at 21,884.50 mark.
In this session of Stock Markets, BSE Sensex started trading at 76,285.78 and then continued to trade between 70,234.43 – 76300.46. On the other hand, Nifty Sensex started trading 800 points higher at 23,179.50 mark and it hit its highest for the day at 23179.5. Nifty50 hit the lowest at 21,281.45.
Indian Rupee traded at Rs.83.33 against USD on 04th June 2024. Hindustan Unilever, Nestle India, Tata Consultancy Services, Asian Paints, Sun Pharmaceutical Industries ended as Top Gainers in BSE. At the same time, Hindustan Unilever, Nestle India, Britannia Industries, Hero Motocorp, Tata Consumer in Top Gainers in Nifty50.
On the other hand in top indices of Stock Markets; Tata Steel, Indusind Bank, Axis Bank, Reliance Industries, ICICI Bank stocks ended as Top Losers in BSE. While Shriram Finance, Indusind Bank, Tata Steel, JSW Steel, ICICI Bank ended as Top Losers in Nifty50.
