Share Market Today Live: Indian equity benchmark indices BSE Sensex and NSE Nifty staged a recovery in afternoon trade after tanking as much as 8 per cent as trends suggest weaker majority for BJP-led NDA. Sensex closed 4,389.73 points, or 5.74 per cent lower at 72,079.05 while Nifty settled 1,379.40 points, or 5.93 per cent lower at 21,884.50.
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During today’s volatile session, BSE listed companies eroded around Rs 30 lakh crore reducing m-cap of all companies below Rs 400 lakh crore mark. The indices witnessed the biggest single day fall in 4 years. All PSE and CPSE constituents witnessed a downfall with FMCG stocks lending support to the markets. GIFT Nifty, an early indicator for Sensex and Nifty, traded at a low of as much as 1,400 points. As per trends at the time of closing bell, India Today, NDA is leading with 290 seats with INDIA alliance bagging 234 seats. As per News 18, NDA is ahead in 295 seats with INDIA alliance trailing at 231 seats.
India VIX, Volatility Index or Fear Index, breached past 30 mark on Tuesday after falling near 15 per cent in the previous session. Earlier on Monday, the market hit all-time highs after most of the exit polls suggested a return of the BJP government with a thumping majority.
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Read More: Stock Market Today Live Updates: Sensex closes 4000 pts lower after staging partial