Counting of votes for the Lok Sabha elections is underway. The stock market has plunged in the initial trends. The stock market did not like the initial trends. The stock market has seen a big decline on June 4. During this period, the shares of Adani Group have seen the biggest decline.
Adani Group’s shares have fallen more than expected. The company’s shares are continuously going down. Whereas a day before this, after the exit poll results were announced, the market saw a strong rise. On the day of the results, a big decline is being seen in the stock market.
According to the data, a decline of about 600 points was seen in Nifty at 9.30 am.
As the day progressed, the fall in Nifty has also increased. Nifty has fallen by 1500 points before 12 o’clock. Shares of government companies have also seen a fall. Experts say that only if there is a slight difference between the actual result and the exit poll, there can be some hope in the condition of the stock market.
Key stock indexes Sensex and Nifty fell on Tuesday due to heavy profit booking in early trade amid mixed trend in the initial counting of votes for the Lok Sabha elections. The 30-share BSE index Sensex fell 1,715.78 points to 74,753 in early trade. While the NSE Nifty slipped 539.1 points to 22,724.80. After initial deals, the Sensex fell a massive 2,623.91 points to close at 73,844.36 and the Nifty fell 617.45 points to 22,646.45.
The shares of all the companies of Adani Group are witnessing a decline. Adani Ports’ shares are down by 9 per cent, Adani Power by 10 per cent, Ambuja Cement by 10 per cent, Adani Enterprises by 10 per cent.
