Stock Market Crashes: Sensex Fell By 4,000 Points, Investors Lose Over Rs 26 Lakh Crore
As Lok Sabha results are appearing in all the states and they are not matching the exit polls predictions, it has sent shock waves in the stock market.
The Sensex declined to an intraday low of 72,337.34, declined by 4,000 points, while the Nifty also saw a significant downfall of over 1,000 points during the trading session.
Top Stocks Fell In Market
At 12:00 pm, REC shares declined 22.63% to Rs 467.75; Indian Bank declined 14.01% to Rs 521.70; SJVN tanked 12.96% to Rs 124.60; Power Finance Corporation fell over 23% to Rs 426.95; HUDCO fell 18.26% to Rs 234.60; BHEL tanked over 23% to Rs 237.25.
Other stocks like as Central Bank, Hindustan Copper, PNB, Canara Bank, NALCO, ONGC, HAL, PSB, NBCC, NTPC and LIC also fell sharply.
At the opening bell, the Sensex plunged by 1,135.48 points to 75,333.30, while the Nifty dropped by 408.35 points to open at 22,855.55. Among the Nifty companies, only 6 were advancing, and 44 were declining, reflecting widespread caution among investors.
In the Nifty index, Sun Pharma, Divi’s Lab, Nestle India, Cipla, and Britannia emerged as the top gainers. Conversely, Adani Ports, Adani Enterprises, Larsen & Toubro (LT), Coal India, and ONGC were among the top losers, dragging the index down.
(With inputs from ANI)