Brief by Shorts91 Newsdesk / 08:04am on 04 Jun 2024,Tuesday Business
In a dramatic session, Sensex and Nifty erased all 2024 gains, plummeting over 8% amid high volatility due to early election results. Exit polls had projected a BJP victory, driving indices to record highs on Monday. However, closer-than-expected early results between NDA and INDIA alliances triggered a market downturn, causing Sensex to drop over 6,000 points and Nifty by 1,600 points. Major losses were seen in Adani Enterprises and Adani Ports, which fell up to 25%. Market sentiment remains highly unstable as investors react to potential political uncertainty.
