₹46 lakh crore investor wealth erased after Sensex tanks over 6,000 points

The Indian indices went into a free fall today with all the sectoral indices led by PSUs trading in deep red, as counting of votes for the Lok Sabha elections entered a crucial phase.

While the Sensex shed nearly 6,000 points, about 8%, to reach 70,397, the Nifty plunged 8.5%, or nearly 2,000 points, to reach 21,329 (as of 12.30 pm).

The BSE-listed companies have erased a market cap of nearly ₹44 lakh cr of investors’ money so far today.

The entire BSE Capital Goods index plummeted close to 10% as early trends showed a diminished-majority win for the BJP-led NDA.

Earlier, the markets opened with a steep fall today. In early trade, the Sensex slipped 2,713 points or 3.55%, while the Nifty fell 838 points or 3.65%.

The India volatility index (India VIX) was up 33% at 27.59 points.

There was a huge rise in the markets on June 3 after the Exit Polls projected a favourable result for the current government in the Lok Sabha elections.

On June 3, Sensex closed 2,507 points or 3.39% higher at 76,468 points, while Nifty ended 733 points or 3.25% higher at 23,263 points.

(This story was taken from a syndicated feed, and edited only for style by Gujarat Samachar Digital staff)