Investors Lose Rs 26 Lakh Cr As Sensex Tanks 3,690 Points As Poll Results Hint Close Fight

New Delhi: Indian equity indices fell sharply on Tuesday when early trends of Lok Sabha election results hinted at a close fight between the NDA and the opposition INDIA.

Investors lost nearly Rs 26 lakh crore due to a steep fall in the equity benchmarks.

By 11 am on Tuesday, BSE’s market cap touched Rs 400 lakh crore, while it was Rs 426 lakh crore when the market closed on Monday.

Indian markets opened with a steep fall on Tuesday. In early trade, Sensex slipped 2,713 points or 3.55 per cent, while the Nifty slipped 838 points or 3.65 per cent.

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

There was a huge rise in the markets on Monday after the Exit Polls projected a comfortable win for the NDA in the Lok Sabha elections.

On Monday, Sensex closed 2,507 points or 3.39 per cent higher at 76,468 points, while Nifty ended 733 points or 3.25 per cent higher at 23,263 points.