Indian equity markets experienced a significant downturn as early trends from the 2024 Lok Sabha election results indicated a weakened mandate for Prime Minister Narendra Modi's BJP. The Sensex plunged over 2,000 points, trading below 74,000, while the Nifty50 fell below 22,450. This marked the biggest loss in four years for Indian stocks, with the Sensex dropping 5.7%. Investors reacted negatively to the possibility that the BJP might lose its outright majority, contrary to earlier exit poll predictions. The losses were the largest since the pandemic.
Indian stocks post their biggest losses since the pandemic after Modi fails to win a landslide https://t.co/k92LqqWA4J
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
Intermission! Indian stocks post BIGGEST loss in four years as #NarendraModi-led BJP fails to make decisive win Picture Abhi Bhi Bhai Hain Mere Dost #ElectionResults2024 #LokSabhaElections2024
#IndiaElections2024 🗳️ Modi landslide fails to materialise as BJP set to lose outright majority https://t.co/rhnPgTUnjB
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
#MarketsWithBS | Indian #equitymarkets were weak note, as investors tracked early trends of the 2024 #LokSabhaelection results. The #Sensex plunged over 2,000 points, trading below 74,000. The #Nifty50, too, was below 22,450. https://t.co/dERAZw5CUl