Sensex, Nifty crash nearly 6%, biggest 1-day decline in 4 years

In line with weak trend in equities, market capitalisation of BSE-listed firms eroded by Rs 31,07,806.27 cr to RS 3,94,83,705.27 cr 4.73 trillion)

In the biggest single-day fall in four years, benchmark stock indices Sensex and Nifty plunged by nearly 6 per cent on Tuesday as counting trends showed the ruling BJP may fall short of a clear majority in the Lok Sabha elections.

Reversing its Monday’s sharp gains of over 3 per cent, the 30-share BSE Sensex nosedived 4,389.73 points or 5.74 per cent to close at a more than two-month low of 72,079.05. In the day trade, the barometer tanked 6,234.35 points or 8.15 per cent to hit a nearly five-month low level of 70,234.43.

When the Narendra Modi government came to power on May 16, 2014, the Sensex had rallied 261.14 points or 0.90% to settle at 24,121.74 & the Nifty jumped 79.85 points or 1.12% to 7,203

The NSE Nifty tumbled 1,982.45 points or 8.52 per cent to 21,281.45 during the day. Later, it ended at 21,884.50, a sharp decline of 1,379.40 points or 5.93 per cent.