Mumbai: The BSE Sensex and Nifty 50 closed with gains of over 3 per cent each on exit poll predictions of the Modi government returning to power at the Centre.
Due to heavy buying in the overall market, the shares rose rapidly and the wealth of investors increased by Rs 13,78,630.4 crore. Now today on the day of counting of votes, in the initial trends in the market, the BJP alliance is facing setbacks in many states. This has also affected the Sensex and Nifty. Both fell by 2-2 percent.
There is selling pressure in midcap and smallcap stocks as well. Overall, the indexes of all sectors of Nifty are in red. Due to this, the market cap of companies listed on BSE today has decreased by Rs 10.32 lakh crore, that is, the wealth of investors has decreased by Rs 10.32 lakh crore as soon as the market opened.
Now talking about equity benchmark indices, Nifty 50 is currently trading at 22,750.80 with a drop of 513.10 points i.e. 2.21% and BSE Sensex is at 74,854.03 with a drop of 1614.75 points i.e. 2.11%. One trading day earlier, Sensex closed at 76,468.78 and Nifty at 23,263.90.