After the Green Day, Red Day is coming. 26 lakh crore wipeout From indian stock market, Bank Nifty Down 9%, Adani Group Down 20% , PSU Downs
Jun 4,2024
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Today in the stock market, following the unexpected Lok Sabha election results, there has been a sharp sell-off. The Nifty 50 index has fallen around 1000 points, the BSE Sensex has dropped around 2800 points, and the Bank Nifty index has crashed over 2800 points during trading on Tuesday. Experts believe that this decline is due to short-term sentiment caused by the election results not meeting market expectations.
They suggest that this downturn will be temporary, and there may be a significant rebound as the election results still appear to favor the current NDA government, making a change in government seem unlikely. They advise investors to focus on high-quality stocks that have undergone capital expenditure expansion in recent years.
After the Green Day, Red Day is coming. 26 lakh crore wipeout From indian stock market, Bank Nifty Down 9%, Adani Group Down 20% , PSU Downs
Jun 4,2024
Share
Today in the stock market, following the unexpected Lok Sabha election results, there has been a sharp sell-off. The Nifty 50 index has fallen around 1000 points, the BSE Sensex has dropped around 2800 points, and the Bank Nifty index has crashed over 2800 points during trading on Tuesday. Experts believe that this decline is due to short-term sentiment caused by the election results not meeting market expectations.
They suggest that this downturn will be temporary, and there may be a significant rebound as the election results still appear to favor the current NDA government, making a change in government seem unlikely. They advise investors to focus on high-quality stocks that have undergone capital expenditure expansion in recent years.