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Stock Market’s Biggest Fall: Sensex Experiences Record Drop as Election Results Cause Market Chaos

Manoj Kumar
Last updated: June 4, 2024 4:42 pm
By Manoj Kumar
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Stock Market Today: Tuesday is proving to be a tough day for the domestic stock market. This is the first time that the stock market has witnessed such a huge fall in a single day. Today has brought an earthquake for the stock market, there is chaos in the stock market and investors’ wealth has been reduced so much in a single day that it seems almost impossible to believe it.

Table of Contents

  • Sensex fell by more than 6000 points
  • Nifty fell by about 2000 points
  • BSE’s market capitalization sank by Rs 41 lakh crore
  • 28 out of 30 Sensex stocks fell
  • 46 out of 50 Nifty stocks fell
  • The market movement slowed down at 9.30 am
  • At what level the stock market opened today
  • How was the market movement in pre-opening
  • The picture of the stock market was magical yesterday
  • BSE market cap increased by Rs 14 lakh crore on June 3

Sensex fell by more than 6000 points

The Sensex has fallen by 6,234.35 points and has come down to 70,234. A fall of more than 6000 points in a single day is such a wound for the stock market that it may take a long time to heal. This is the only day in the history of the domestic stock market where the market has faced such a severe fall. This is the biggest single day landslide downfall in the history of the stock market so far.

Nifty fell by about 2000 points

NSE’s Nifty has set such a record of decline that it seems very difficult to overcome it. Nifty has fallen by 1,982.45 points and has touched a low of 21,281.45.

Contents
Table of ContentsSensex fell by more than 6000 pointsNifty fell by about 2000 pointsBSE’s market capitalization sank by Rs 41 lakh crore28 out of 30 Sensex stocks fell46 out of 50 Nifty stocks fellThe market movement slowed down at 9.30 amAt what level the stock market opened todayHow was the market movement in pre-openingThe picture of the stock market was magical yesterdayBSE market cap increased by Rs 14 lakh crore on June 3

BSE’s market capitalization sank by Rs 41 lakh crore

The market capitalization of BSE has plunged by Rs 41 lakh crore and this is the biggest fall in a single day. On June 3, the market cap of the stocks listed on BSE was Rs 426.24 lakh crore which has come down to Rs 385 lakh crore at 12.50 pm.

28 out of 30 Sensex stocks fell

28 out of 30 Sensex stocks are seeing a decline and NTPC has fallen by more than 14 percent. SBI is down by 13.41 percent and Power Grid is down by 11.12 percent. L&T is down by 10.84 percent while Tata Steel is down by 10.47 percent.

46 out of 50 Nifty stocks fell

Out of 50 stocks of Nifty, 46 stocks are seeing a decline and only 4 stocks are barely in the bullish zone. Currently, 2639 stocks are being traded on NSE and 2431 stocks are seeing a decline. Only 150 stocks are trading with gains while 88 stocks are unchanged.

The market movement slowed down at 9.30 am

At 9:30 am, the BSE Sensex is seeing a decline of 2363.83 points or 3.09 percent and has come down to 74,104.95. The Sensex is witnessing a decline today at the same rate as it was witnessing higher levels yesterday.

At what level the stock market opened today

On the day of election results, the BSE Sensex opened at 76,285 after falling 183 points or 0.24 percent. The NSE Nifty opened at 23,179 after falling 84.40 points or 0.36 percent.

How was the market movement in pre-opening

In the pre-opening of the stock market, the BSE Sensex was trading at the level of 77122 with a jump of 672 points or 0.88 percent. Apart from this, the NSE Nifty was trading at the level of 23714 with a jump of 450.10 points or 1.94 percent. Before the pre-opening, the Nifty, which indicates the start of the market, was at 23447 with a jump of 0.16 percent with a rise of 38.60 points. 

The picture of the stock market was magical yesterday

When the stock market closed on Monday, the BSE Sensex rose 2500 points to close at 76,469 and the Nifty rose 733 points to close at 23,263. This is the biggest rise in the market in one session since 2009. On June 3, the Sensex made a new record high of 76,738 and the Nifty made a new record high of 23,338. 

BSE market cap increased by Rs 14 lakh crore on June 3

On June 3, the market cap of the stocks listed on the BSE closed at Rs 426.24 lakh crore, i.e., in a single session, the wealth of investors saw a jump of more than Rs 14 lakh crore. This is the highest level of market cap of the Indian stock market. 

TAGGED:Elections 2024ELECTIONS 2024 ResultExit PollExit poll 2024Lok Sabha Election Results 2024NiftyS tock Market TodaySensexStock MarketStock Market TodayStock Market UpdateTop Stories
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