Sensex decreases by almost 4,000 points while votes are tallied for Lok Sabha elections

Today, Indian stock markets experienced a significant drop of almost 4,000 points following a strong surge in the previous session. This drop came as initial vote-counting results indicated that Prime Minister Narendra Modi's Bharatiya Janata Party-led coalition was leading in over 272 seats, however, the victory margin was uncertain and smaller than anticipated by exit polls.

At 11.10 am, the BSE Sensex dropped by 5.07% or 3,997 points to 72,684, and the NSE Nifty 50 fell by 5.07% or 1,178 points.
The stock market indexes surged over 3% on Monday, reaching all-time highs and achieving their strongest performance in almost 40 months following exit polls indicating the BJP-led coalition is expected to secure a two-thirds majority in the lower house.

According to initial data, the NDA is in the lead with 288 seats, while the INDIA bloc is ahead with 213 seats.

The top underperformers in the 30 company Sensex included State Bank of India, Reliance, Larsen & Toubro, Power Grid, NTPC, and HDFC Bank.

Sun Pharma and Nestle were the lone companies that experienced gains.