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Wednesday, July 17, 2024

Closing bell: Sensex falls 3,900 points, Nifty at 22,000

Stock market highlights: Sensex tanks over 3,000 points, Nifty cracks below 22,450 today as election trends came in.
Stock market LIVE Updates: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai
Stock market LIVE Updates: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai

Stock market highlights: Sensex and Nifty tanked over 5 per cent today as initial trends showed BJP winning lesser number of seats than predicted in exit polls. The 30-share BSE Sensex dropped 3,311.87 points or 4.33 per cent to 73,156.91. The NSE Nifty tumbled 1,102.55 points or 4.73 per cent to 22,161.35. After this, the BSE benchmark dived 4,131.44 points or 5.40 per cent to 72,337.34, and the Nifty slumped 1,263.3 points or 5.43 per cent to 22,000.60. Among the 30 Sensex companies, State Bank of India tanked over 10 per cent, while Power Grid and NTPC plunged nearly 10 per cent. Larsen & Toubro, Axis Bank, Tata Steel and Reliance Industries were the other big laggards....Read More

Follow Lok Sabha election Results LIVE Updates

However, the market indices soared to record-high levels on Monday after the exit polls predicted the return of the Modi government for the third straight term. Sensex surged 2,778 points, nearly 4 per cent, to hit its all-time high of 76,738.89. Nifty 50 surged 808 points, nearly 4 per cent, to hit its fresh record high of 23,338.70.

Exit polls on Saturday predicted that Prime Minister Narendra Modi will retain power for the third straight term, with the BJP-led NDA expected to win a big majority in the Lok Sabha polls.

Follow all the updates here:
June 4, 2024 3:36 PM IST

Closing bell: Sensex falls 3,900 points, Nifty at 22,000

Closing bell: Sensex falls 3,900 points, Nifty at 22,000

June 4, 2024 3:26 PM IST

Stock market crash LIVE updates: Sensex down 4,400 pts, Nifty around 21,900

Sensex down 4,400 pts, Nifty around 21,900

June 4, 2024 3:12 PM IST

Stock Market Crash Live Updates: Gainers and Losers on Nifty

Only seven stocks, Hindustan Unilever, Nestle India, Britannia Industries, Hero MotoCorp, Tata Consumer Products, Cipla, and Divi's laboratories, out of the 50 on the Nifty 50 were trading in the green

June 4, 2024 2:55 PM IST

Stock Market Crash Live Updates: Stock market crash leads to social media frenzy, meme storm on X

As the stock market crashed, numerous people had all sorts of reactions. Among them, many people took to X to post hilarious memes and jokes on the stock market. Read more

June 4, 2024 2:30 PM IST

Stock Market Crash Live Updates: Here's how markets have performed on previous election result days

In a historical context, the Indian benchmark indices have only twice reported negative returns on Lok Sabha election result days out of the last six. The Nifty, which plunged over 8 percent in today’s intraday trading, also experienced a dip on the previous election result day, May 23, 2019, with a decline of 0.7 percent. Contrastingly, the markets recorded positive returns on all election result days prior to 1999.

Today’s trading session witnessed a significant reversal in the Indian markets, erasing Monday’s gains. This shift occurred as the Lok Sabha election results deviated from the positive predictions of exit polls. The unforeseen development triggered a wave of panic among investors, resulting in a frantic selloff that erased approximately 26 lakh crore in wealth during intraday trading.

June 4, 2024 1:53 PM IST

Stock Market Crash Live Updates: Sensex down 3,900 points, Nifty at 22,000

Sensex down 3,900 points, Nifty at 22,000

June 4, 2024 1:38 PM IST

Stock Market Crash Live Updates: Exit polls were done to influence share market, says CPI(M) General Secretary Sitaram Yechury

CPI(M) General Secretary Sitaram Yechury on Tuesday slammed the exit polls that predicted a landslide victory for the BJP-led NDA, alleging that they were done to influence the share market.

Yechury's reaction came as the latest trends from the counting of votes in the 2024 Lok Sabha election suggested that the Opposition INDIA bloc is giving a strong fight to the ruling dispensation contrary to most of the predictions of the exit polls.

"Exit poll was done to influence the share market and those who wanted to make money in the share market yesterday made money. Now the reality is coming in front of you. Now let the full results come, after that, we will tell you. INDIA alliance is doing well," Yechury told ANI.

After the exit polls prediction, the key benchmark indices of Indian stock markets, the S&P BSE Sensex and NSE Nifty-50, surged over 3.3% to their all-time high on Monday.

June 4, 2024 1:22 PM IST

Stock Market Crash Live Updates: What happens if INDIA bloc wins?

In the previous trading session, all indices including Sensex and Nifty registered their best intraday gains with the exit polls showing Narendra Modi’s BJP winning over 350 seats and the National Democratic Alliance (NDA) grabbing between 360 and 400 seats. Read more

June 4, 2024 1:11 PM IST

Stock Market Crash Live Updates: BSE Bank index declines 9%; Bank of Baroda down 16%, SBI down 13%

BSE Bank index declines 9%; Bank of Baroda down 16%, SBI down 13%

June 4, 2024 12:58 PM IST

Stock Market Crash Live Updates: Experts suggest 9 stocks to add to your watchlist

After the Lok Sabha election results are not coming in tune with the exit polls, the Indian stock market is under sharp sell-off pressure. The Nifty 50 index has fallen around 1000 points, the BSE Sensex has tanked around 2800 points, and the Bank Nifty index has crashed over 2800 points during Tuesday deals. According to the stock market experts, this fall is entirely on the short-term sentiments caused by the Lok Sabha Election results below the market estimates.

June 4, 2024 12:40 PM IST

Stock Market Crash Live Updates: Adani Group shares tumble; Adani Ports plunges 20 pc

Shares of all Adani Group companies tumbled on Tuesday as the initial trend showed BJP winning a lesser number of seats than predicted in exit polls.

The stock of Adani Ports plummeted 20 per cent, Adani Energy Solutions plunged 19.80 per cent, Adani Power slumped 19.76 per cent, Ambuja Cements tumbled 19.20 per cent and the group's flagship firm Adani Enterprises tanked 19.13 per cent on the BSE.

Adani Total Gas declined 18.55 per cent, Adani Green Energy dived 18.31 per cent, NDTV went lower by 15.65 per cent, ACC plunged 14.49 per cent and Adani Wilmar dropped 9.81 per cent.

Erasing the record-rally of the previous trade, the 30-share BSE Sensex dropped 4,131.44 points or 5.40 per cent to 72,337.34, and the Nifty slumped 1,263.3 points or 5.43 per cent to 22,000.60.

June 4, 2024 12:35 PM IST

Stock Market Crash Live Updates: Stock markets may fall more if…

Sensex and Nifty extended losses as the indices fell over 6 percent each today as trends showed that BJP-led NDA will return to power with a smaller majority- in contrast with exit polls. At 12.13 pm, Sensex was down 4,881 points or 6.4 per cent at 71,587. Nifty 50 was down 1,558 points or 6.7 per cent at 21,705 and about 283 shares advanced, 3,060 shares declined, and 61 shares remained unchanged. Read more

June 4, 2024 12:13 PM IST

Stock Market Crash Live Updates: BSE PSU index tumbles 15% today

REC, PFC, BEL, BHEL tank more than 20% each today

June 4, 2024 11:54 AM IST

Stock Market Crash Live Updates: FMCG, healthcare stocks defy markets with spirited fight back, gain up to 4%

The sectors which defied the trends were FMCG and healthcare, with NIfty FMCG, Nifty Pharma and Nifty Healthcare gaining 0.23%, 0.40% and 0.60%, respectively around 10:40 am.

June 4, 2024 11:31 AM IST

Stock Market Crash Live Updates: Sensex tanks over 4000 points

Sensex tanks over 4000 points

June 4, 2024 11:25 AM IST

Stock Market LIVE Updates: Wave of volatility grips Dalal Street on counting day

A wave of volatility has gripped Dalal Street on counting day as investors rush to book profits, reacting to early Lok Sabha election trends that differ from the clear mandate exit polls gave to the BJP-led NDA.

June 4, 2024 11:17 AM IST

Stock Market LIVE Updates: Top gainers and losers so far

Top gainers were HUL (up 2.58%), Britannia (1.82%), Apollo Hospitals (1.62%), Divi's Laboratories (1.52%), Sun Pharma (1.44%).

Top losers were Adani Enterprises (down 6.74%), Adani Ports (down 6.25%), Coal India (down 5.75%), Shriram Finance (down 5.28%) and ONGC (down 5.19%).

June 4, 2024 11:16 AM IST

Stock Market LIVE Updates: Stocks to buy as per Jefferies

Global brokerage firm Jefferies highlighted potential for industrial sector to benefit from political continuity if Prime Minister Narendra Modi retains power. Among top picks for stocks that could rally by up to 33% are HAL, L&T, and ABB India.

June 4, 2024 11:10 AM IST

Stock Market LIVE Updates: Sensex tanks over 3,600 points

Sensex tanks over 3,600 points as fear gauge India VIX skyrockets 36% today

June 4, 2024 10:50 AM IST

Stock Market LIVE Updates: All Adani group shares fall on election result day

The Adani group’s Ambuja Cements fell 6.50% to Rs.627. Adani Enterprises itself fell by 5.915% to Rs.3429.80. Adani Green Energy fell 5.11% to Rs.1933.50. ACC fell 4.52% to Rs.2556.50. Adani Wilmar fell 3.94% to Rs.353.85. Adani Power fell by 2.81% to Rs.850.40. Read more

June 4, 2024 10:45 AM IST

Stock Market LIVE Updates: V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services on steep fall in stock market

V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, "The steep fall is due to the results so far falling short of the exit polls which the market had discounted yesterday. If BJP doesn’t get a majority on its own there will be disappointment and this is getting reflected in the market."

June 4, 2024 10:39 AM IST

Stock Market LIVE Updates: Sector Indices Heat Map

All the sectoral indices were in the red, as investors booked profit, following Monday's record rally.

For instance, top sectoral gainers from Monday, the PSU Bank and Oil & Gas indices, were the top losers in early trades on Tuesday.

June 4, 2024 10:24 AM IST

Stock Market LIVE Updates: ₹14 lakh crore gone as INDIA fights back

Investor wealth fell by 14.27 lakh crore to 411.64 lakh crore compared with a valuation of 425.91 lakh crore recorded in the previous session. All Sensex stocks were trading in the red. L&T, PowerGrid, SBI, Reliance, NTPC, HDFC Bank led the losses on Sensex, falling up to 4.86% in early deals.

June 4, 2024 10:16 AM IST

Stock Market LIVE Updates: Sensex falls 1,600 points, Nifty below 22,800

Sensex was down 1,592.74 points or 2.08 per cent at 74,876.04, and the Nifty was down 488.30 points or 2.10 per cent at 22,775.60. About 519 shares advanced, 2573 shares declined, and 102 shares unchanged.

June 4, 2024 10:13 AM IST

Stock Market LIVE Updates: Nifty Bank falls over 4%

Nifty Banking index slips below 49,000

PNB, BoB among top laggards today

June 4, 2024 10:08 AM IST

Stock Market LIVE Updates: Investors lose ₹9 lakh crore in 15 minutes as Sensex crashes

Sensex commenced trading with a decline of over 1,600 point dragged down by heavyweights such as Reliance Industries and financial stocks.

June 4, 2024 10:05 AM IST

Stock Market LIVE Updates: Stock market tumbles as early election trends trigger volatility

The stock market opened on a negative note on Tuesday amid the ongoing trends from the Lok Sabha election.

This downturn comes after the market hit an all-time high on Monday, with significant advances and no losers.

At the opening bell, the Sensex plunged by 1,135.48 points to 75,333.30, while the Nifty dropped by 408.35 points to open at 22,855.55. Among the Nifty companies, only 6 were advancing, and 44 were declining, reflecting widespread caution among investors.

In the Nifty index, Sun Pharma, Divi's Lab, Nestle India, Cipla, and Britannia emerged as the top gainers. Conversely, Adani Ports, Adani Enterprises, Larsen & Toubro (LT), Coal India, and ONGC were among the top losers, dragging the index down.

June 4, 2024 9:38 AM IST

Stock Market LIVE Updates: Sensex tanks 2,700 points, Nifty cracks below 22,450

Sensex tanks 2,700 points, Nifty cracks below 22,450 after early trends of Lok Sabha election results came in

June 4, 2024 9:33 AM IST

Stock Market LIVE Updates: A look at Adani stocks today

Adani group stocks tumble as much as 11% today

Adani Gas, Adani Enterprises are among top losers

June 4, 2024 9:31 AM IST

Stock Market LIVE Updates: Top gainers on Nifty

Top gainers on Nifty are Sun Pharma, Nestle, Cipla, Britannia and Divis Labs.

June 4, 2024 9:31 AM IST

Stock Market LIVE Updates: Top losers on Nifty

Adani Ports, Adani Enterprises, L&T, ONGC and Coal India are among the top losers on the Nifty.

June 4, 2024 9:30 AM IST

Stock Market LIVE Updates: Top two things you need to know about stock market today

All sectors are in red except pharma & healthcare indices

Oil & gas and PSU banks top losers today

June 4, 2024 9:27 AM IST

Stock Market LIVE Updates: Sensex, Nifty fall 2% each

Sensex was down 1,544.14 points or 2.02 per cent at 74,924.64. Nifty was down 491.10 points or 2.11 per cent at 22,772.80. About 891 shares advanced, 1572 shares declined, and 121 shares unchanged.

June 4, 2024 9:10 AM IST

Stock Market LIVE Updates: Rupee opens lower

The Indian rupee opened 10 paise lower at 83.24 per dollar today versus Monday's close of 83.14.

June 4, 2024 8:17 AM IST

Stock market LIVE Updates: Morgan Stanley ‘Overweight’ on Adani Ports and Reliance Industries

Morgan Stanley targets Rs.1,517/Share for Adani Ports and Rs.3,046/Share for Reliance Industries.

MS On Adani Ports

Overweight Call, Target `1,517/Sh

Acquires Container Terminal At Tanzania Port

30-Yr Agmt To Operate & Manage Ct2

95% Stake Acquired Through Consortium JV (EAGL) For $39.5 m

Cargo Volumes Were Flat YoY In May'24 & +5% YoY For YTDFY25

Shutdown Of Gangavaram Port Led To Volume Loss Of 6 mmt In April-May 2024

MS On Reliance

Overweight Call, Target `3,046/Sh

Re-Rating Potential Takes Center Stage As Monetisation Cycle Picks Up

Expect A Steady Re-Rating , Earnings Catch-Up Will Be A FY26 Event

Multiple Catalysts From Improving Retail & Energy Earnings Keep Us Overweight

Co Remains In Top Five In Regional Preference Order.

June 4, 2024 8:02 AM IST

Stock market LIVE Updates: Adani Group stocks see ₹1.4 lakh crore gain today, zoom 16% as exit polls predict PM Modi's return

Adani Group stocks today: Shares of Gautam Adani's Adani Group surged as much as 16% today following exit polls which indicated that Prime Minister Narendra Modi's led BJP will win in the Lok Sabha elections. The stocks continued their surge for the second consecutive session and increased trading volumes added over 2.6 lakh crore to the group's market capitalization in just two sessions. Read more

June 4, 2024 7:34 AM IST

Stock market LIVE Updates: Huge stock market rally expected on June 4? What brokerages advised ahead of Lok Sabha election results

The BSE Sensex and the NSE Nifty were at fresh record highs today which added nearly 12 lakh crore to the BSE market capitalisation (m-cap) as almost all exit polls predicted the BJP-led NDA's seat wins in the 350-400 range. This comes after stock market investors trimmed expectations on BJP or NDA seat counts owing to lower turnout in the first few phases of Lok Sabha elections 2024. Read more

June 4, 2024 7:18 AM IST

Stock market LIVE Updates: These stocks are set to surge if PM Modi wins third term as exit polls predict

Brokerage firms identified stocks that could benefit from the formation of PM Modi led-NDA coalition government as exit polls indicated a clear majority for the alliance. Almost all exit polls showed that the BJP is likely to win the Lok Sabha elections on June 4 and is set to secure more than 370 seats. Analysts predicted that if exit polls are accurate, “Modi stocks” could rally. These are stocks of the companies or sectors that have benefited directly from government policies and initiatives under Prime Minister Narendra Modi. Read more

June 4, 2024 7:01 AM IST

Stock market LIVE Updates: Sensex, Nifty log biggest single-day gain in 3 yrs as exit polls predict 3rd term for Modi govt

After the exit polls predicted the return of the Modi government for the third straight term, benchmark Sensex and Nifty zoomed more than 3 per cent on Monday, recording their biggest single-day gain in three years and closing at lifetime highs.

The 30-share BSE Sensex soared by 2,507.47 points or 3.39 per cent to settle at a new closing peak of 76,468.78 points with 25 of its constituents ending in the green and five in the red. During the day, the barometer jumped 2,777.58 points or 3.75 per cent to hit a record intra-day peak of 76,738.89.

The NSE Nifty climbed 733.20 points or 3.25 per cent to finish at 23,263.90. During the day, it soared 808 points or 3.58 per cent to hit a fresh intra-day all-time high of 23,338.70.

News business Closing bell: Sensex falls 3,900 points, Nifty at 22,000