Indian stock markets declined sharply on Lok Sabha election results day, with Sensex down 5.74% and Nifty 5.93%.

Indian stock markets experienced a sharp decline on the day of the Lok Sabha election results, with the Sensex dropping over 4,000 points (down 5.74%) and Nifty falling 5.93%. Market anxiety was fuelled by the possibility of a coalition government led by the BJP, which has been seen as pro-industry and supportive of economic growth. A failure to secure a clear majority for the BJP raises concerns about the formation of a stable government and the continuation of economic reforms.

June 04, 2024
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