Lok Sabha Election Results: Sensex, Nifty Crash as 'INDIA' Gains Ground

On 3 June, the Sensex and the Nifty 50 had hit all-time highs after all the exit polls predicted the NDA's return.

India's indices Sensex and Nifty on Tuesday, 4 June, crashed as the counting of votes indicated the opposition INDIA gaining ground in the Lok Sabha elections over its 2019 tally.

In early trade, Sensex was down by 2,713 points or 3.55 percent, while the Nifty slipped 838 points or 3.65 percent.

At 11 am, Sensex was at 72,740, down 3,690 points or 4.83 percent, while Nifty was at 22,119, down 1,144 points or 4.92 percent.

The indices had risen to record-high levels on Monday, 3 June, after the exit polls had predicted the return of the Narendra Modi government for the third straight term with a huge majority.