Mumbai: With Sensex crashing over 6,000 points and Nifty plunging nearly 2,000 points, several shares, including PSU stocks, Adani Group stocks, Railway stocks tumbled as trends on TV9 indicated BJP-led NDA leading in around 300 seats, while INDIA alliance ahead in 225. The counting of votes is going on for Lok Sabha Election 2024. The rout in the Stock Market is being attributed to the heavy-profit booking and after trends showing the BJP winning a lesser number of seats than predicted in exit polls.
PSU Stocks bleed as Sensex, Nifty plunge
Shares of public sector enterprises and state-owned banks tumbled up to 15 per cent today.
Punjab & Sindh Bank plummeted 14.75 per cent to Rs 55.50.
Indian Bank declined to Rs 528.75
Union Bank was down to Rs 148.90 on the NSE
State Bank of India (SBI) plunged 16 per cent
Power Grid and NTPC plunged nearly 15 per cent
Punjab National Bank and Bank of Baroda fell 10 per cent each to Rs 123.30 and Rs 267.25 apiece, respectively.
Bharat Electronics Ltd (BEL), PFC, RECL, and Bharat Heavy Electricals went down by 15 per cent.
ONGC, Coal India, Hindustan Aeronautics, Container Corp of India, Gas Authority of India, SAIL and Power Grid also fell 10 per cent each on the NSE.
Adani Group stocks tumble
Adani Ports plummeted 20 per cent
Adani Energy Solutions declined 19.80 per cent.
Adani Power slumped 19.76 per cent.
Ambuja Cements tumbled 19.20 per cent.
Adani Enterprises was down 19.13 per cent on the BSE.
Adani Total Gas declined 18.55 per cent
Adani Green Energy fell 18.31 per cent
NDTV went lower by 15.65 per cent
ACC plunged 14.49 per cent
Adani Wilmar dropped 9.81 per cent
Railway Stocks plummet
IRCON share price down over 12 per cent
RITES stock plunged 11 per cent
IRCTC share price down over 11 per cent
IRFC down over 8 per cent
RVNL decline dover 9 per cent
Larsen & Toubro, Axis Bank, Tata Steel, Bharti Airtel, JSW Steel, and Reliance Industries were the other laggards.
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Stock Market Crash: Sensex plunged over 6,000 points and Nifty plummeted nearly 2,000 points on Tuesday. PSU stocks tanked up to 15 per cent; Adani Group shares tumbled badly and the Railway stocks also bleeded as trends showed BJP winning lesser number of seats in Lok Sabha Election Results 2024 than predicted in exit polls. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
