Today Indian Stock Market experienced over 3,600 points, driven by heavyweights However, contrary to earlier expectations, the benchmark stock market indices, S&P BSE Sensex and NSE Nifty50, have tumbled due to high volatility. This unexpected turn has sent shockwaves through the market, dampening the previously optimistic mood. On Monday, both indices had soared to new all-time highs, driven by exit poll projections of a decisive victory for the BJP and Prime Minister Narendra Modi.
SBI share price today opened with a significant downside gap and touched an intraday low of ₹731.95 apiece on NSE, logging over 19 per cent intraday loss.
On the Nifty50, the op loses were Adani Ports, Adani Enterprises, L&T, Oil and Natural Gas (ONGCC), and Coal India. All sectors were in the red expect for the pharma and healrhcare indicies with oil and gas and PSU bank suffering the most.
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