Share Market Today: Check List Of Companies Tanked The Most After Twist In Election Results

Published: Tuesday, June 4, 2024, 13:55 [IST]

Share Market Today: Soon after Lok Sabha Election 2024 results started to come against the ruling Narendra Modi government, the share market tanked below 2,800 points, or 3.66%, resulting in a loss of more than 27 Lakh crore Rupees. According to the reports, Nifty50 was down 809 points trading near 22,409 points, Sensex touched minus 3100 points. However, the market showed some signs of recovery in the latter part of day.

Reports suggested that the market capitalisation of all listed companies on BSE declined.

From Sensex, Reliance Industries and HDFC Bank contributed to a 565-point decline in the index. Other stock dragging the index downwards were L&T, SBI, ITC, NTPC, and Power Grid.

REC shares fell 6.88 percent to Rs 562.95. Indian Bank declined 6.60 percent to Rs 566.65. SJVN tanked 6.46 percent to Rs 133.90. PFC, HUDCO, BHEL and BHEL plunged 5.5-6.5 per cent. Central Bank, Hindustan Copper, PNB, Canara Bank, NALCO, and LIC fell over 5 percent each. ONGC. HAL, PSB, NBCC, and NTPC also fell.

A day ago, the market touched an all-time high after the Exit polls showed a landslide victory for the BJP-led NDA and the third term for Prime Minister Narendra Modi.

However, actual results came against Exit Polls and Congress' INDIA Bloc made a strong return.

Check List of Shares Tanked Most:

Company Name