As BJP Fails To Meet ‘400 Paar’, Market Crashes, Sensex Down By 4,380pts, Nifty At 21,880

First time after March 2020, Sensex saw its worst low after Lok Sabha election results. Exit polls had projected the victory for the BJP-led alliance with more than 300 seats to NDA, but in all the later trends BJP could not meet the magic figure of 272 so far, which led to a huge crash in the stock market.
The Sensex was down 4,389.73 points or 5.74 percent at 72,079.05, and the Nifty was down 1,379.40 points or 5.93 percent at 21,884.50.
Worst Performing Sectors Today
All sectors were in the red. But Bank stocks fell 7.8%, realty sector dropped by 9.1%, infrastructure declined by 10.5%, while oil and gas stocks declined by 11.7% and state-run companies and banks fell by 17% and 16%, respectively.
Adani Stocks Fell
Adani Enterprises and Adani Ports were top losers in Nifty 50 index, falling 19%, each. Other Adani group stocks were down between 9-19%. The group stocks had jumped between 4%-18% on Monday after the exit polls.