Indian financial markets experienced a significant downturn on Tuesday morning as early vote counting trends indicated that Prime Minister Narendra Modi's Bharatiya Janata Party (BJP)-led alliance is unlikely to secure an overwhelming majority as predicted by exit polls. The Nifty 50 index tumbled 5%, while the Sensex plunged 5.7%, marking the biggest loss since the start of the pandemic. The Indian Rupee also slumped amid the uncertainty. The initial results suggest a narrow victory for Modi's coalition, which has led to a sharp sell-off in Indian stocks. This unexpected outcome has caused a major shock to the markets, reflecting investor concerns over a weakened mandate for Modi.
Indian Stocks Crash After Vote Reveals Modi Struggling To Win Majority In National Elections https://t.co/VTClCY8kc7
BREAKING: India’s stock market crashes 6% after election results posting its worst day since March 2020. https://t.co/3iMHRfkwuM
OUCH! #India's key stock-market indexes were severely battered as investors dumped shares after country's national election trends showed that ruling Narendra Modi-led coalition isn't likely to score a decisive victory, as predicted by exit polls. Sensex plunged 5.7%, erasing… https://t.co/tUOhnPEO7p
BREAKING: Indian stocks post their biggest loss since the start of the pandemic as Modi's expected landslide win fails to materialize. Follow our #IndiaElections live blog for the latest news, insights and analysis ⬇ https://t.co/IHA7BggxFb https://t.co/KbeCFnmPoV
BREAKING: India's Nifty stock index closes down 5.4% as election results continue to be released
Prime Minister Modi’s predicted landslide has failed to materialize in India’s vote count. 🎥 Tune in as @rpollard joins @andymukherjee70 and @mihirssharma LIVE to unpack what happens next: 8.30am ET / 6pm IST https://t.co/ibNROk8AiT
India’s Prime Minister Narendra Modi is poised to win a historic third term. 🎥 Tune in as @rpollard joins @andymukherjee70 and @mihirssharma LIVE to unpack what happens next: 8.30am ET / 6pm IST https://t.co/a9XLpTfGam
Indian stocks tumble as early election results shock markets and point to a weakened mandate for Modi https://t.co/CvGJaGoWBU w/@JohnReedwrites @b_parkyn @jyots43 https://t.co/1FRY6zJkg8
Indian stocks slump as initial vote counting signaled only a narrow election victory for Narendra Modi's BJP-led alliance https://t.co/B3DdPBLHfl
Indian stocks hammered on signs Modi's party may not secure majority https://t.co/kVtDrUsbh7
India Shares Fall as Modi-Led Alliance Faces Narrower Victory Margin https://t.co/AJ6hekRgIv
⚠️BREAKING: *INDIA'S NIFTY 50 TUMBLES 5% AS ELECTION VOTE COUNTING SIGNALS CLOSE CONTEST FOR MODI 🇮🇳🇮🇳 https://t.co/XRim5Zy5yH
Indian financial markets sold off sharply on Tuesday morning, as early vote counting trends suggested PM Modi's BJP-led alliance is unlikely to win an overwhelming majority as predicted by exit polls over the weekend. via @Reuters https://t.co/IKUKSgcHEZ
Indian financial markets sold off sharply as early vote counting trends suggested Prime Minister Narendra Modi's Bharatiya Janata Party-led alliance is unlikely to win an overwhelming majority as predicted by exit polls over the weekend. More here: https://t.co/o7FTtHGxm7
🇮🇳Indian stocks and Rupee slump as the initial leads show a narrow Modi win compared to exit polls.