Nifty, Sensex down over 5%. Read what happened!
BSE Sensex ends 4,390 points down; Nifty50 plunges 5.93% as Modi-led NDA faces tough competition from the INDIA block.
BSE Sensex and Nifty50 experience their worst single-day fall in over 4 years, plummeting nearly 6% amid election uncertainty.
Just a day earlier, markets soared over 3%, reaching lifetime highs, driven by exit polls predicting a clean sweep for Modi's NDA.
Initial election results showing NDA ahead in 290 seats out of 543 led to Monday's surge, now followed by Tuesday's sharp decline.
Investors worry about the impact on economic reforms due to a potentially reduced mandate for the BJP-led NDA government.