Image Source: Agencies

On Tuesday, early trends in the counting of votes showed that the NDA and the opposition INDIA bloc were in a close race for the Lok Sabha elections. This resulted in a sharp drop in Indian equity indices.
After early election trends began to trickle in on Saturday, investors lost nearly Rs 26 lakh crore due to a sharp fall in equity benchmarks. PlayUnmute Fullscreen By 11 a.m. in Tuesday's meeting, BSE's market cap contacted Rs 400 lakh crore, which was Rs 426 lakh crore when the market shut on Monday.
Indian business sectors opened with a precarious fall on Tuesday. In early exchange, Sensex slipped 2,713 focuses or 3.55 percent, while the Clever slipped 838 places or 3.65 percent. At 11 am, Sensex was at 72,740, down 3,690 places or 4.83 percent, while Clever was at 22,119, down 1,144 places or 4.92 percent. At 27.59 points, the India volatility index (India VIX) was up 33%. There was an immense ascent in the business sectors on Monday after the Leave Surveys extended a positive outcome for the ongoing government in the Lok Sabha decisions. On Monday, the Sensex closed at 76,468 points, up 2,507 points, or 3.39 percent, while the Nifty closed at 23,263 points, up 733 points, or 3.25 percent.