Share Market Today Live: The main Indian market indices, the BSE Sensex and NSE Nifty, recovered during afternoon trade after plunging as much as 8% due to indications that the BJP-led NDA may have a smaller majority. The Nifty finished 1,379.40 points, or 5.93 percent lower at 21,884.50, while the Sensex closed 4,389.73 points, or 5.74 percent lower at 72,079.05.
The market capitalization of all BSE-listed companies fell below Rs 400 lakh crore during today’s turbulent session, with degraded value of around Rs 30 lakh crore. The indices saw their largest one-day decline in the previous four years. Every PSE and CPSE component saw a decline as FMCG stocks helped to keep the markets afloat. GIFT The Nifty, a precursor to the Sensex and Nifty, saw trading as low as 1,400 points. As of the closing bell, NDA was leading with 290 seats, while the INDIA alliance had secured 234 seats, according to trends reported by India Today. NDA leads in 295 seats, while the India Alliance behind in 231 seats, according to News 18.
Tuesday saw the India VIX, also known as the Fear Index or Volatility Index, surpass the 30-point threshold after dropping about 15% the day before. The market reached record highs earlier on Monday on the bulk of exit polls indicating a resurgence of the BJP government with a commanding majority.