Nifty and sensex are bleeding red. As soon as the counting of votes for the Lok Sabha elections started and the trends emerged, there was a stampede in the stock market. The situation is such that for the first time after the Corona period, Sensex is down with more than 6100 points, while Nifty has also plunged by more than 5 percent. The fear of lower circuit in the market has also become stronger. So, market regulator SEBI has decided to stop trading for some time. However, this will happen only when lower circuit occurs in the market.
When will the market close?
Market regulator SEBI has issued proper timing. After stopping trading twice in between, the market will finally be closed about an hour earlier today. This might happen if lower circuit occurs even for the third time. This is being done for the safety of investors. According to SEBI, there will be no trading in the market after 2.30 pm on June 4. SEBI’s intention is to protect investors from losing money, because today lakhs of crores of rupees were lost due to the continuous fall in the market.
Why Nifty is down?
Nifty 50 opened at 23,179.50 points and then It hit a high of 23,179.50 points. But as the polling results started to came out, Nifty started trading in red. The 50-stock index hit a low of 21,281.45. A better performance by the INDIA alliance is the cause of nifty being down. Stock market traders and investors were expecting 400 seats for NDA. But INDIA alliance is giving a tough competition INDIA alliance. This has triggered the Stock market. Currently, The NSE Nifty was down 1,274.90 points, or 5.48 percent to 21,989.00 at 01:45 pm on Tuesday as vote counting remained underway for the Lok Sabha poll results.
Sensex Performance
Today’s stock market downfall is the biggest intra-day fall since February 2022. BSE Sensex tumbled 4.85% or 3,708.74 points to 72,760.04 at 01:50 pm on Tuesday. Sensex opened 2.02 percent or 1,544.14 points, down at 74,924.64.
Stock Market may close early on Lok Sabha Election Result day if if lower circuit occurs even for the third time Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
