Share Market Today HIGHLIGHTS: Sensex slumps 4,390 pts at close; Nifty settles at 21,884.5
Share Market Today HIGHLIGHTS: A blood bath was seen on the Dalal Street as Sensex and Nifty plummeted amid uncertainity over the election results. The fall was the lowest seen since covid market crash. Catch all the latest updates on the counting of votes for Lok Sabha, state Assembly and bye elections here.
Catch minute-by-minute updates of all the action in the Indian share market today, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog:
Share Market Today HIGHLIGHTS: A blood bath was seen on the Dalal Street as Sensex and Nifty plummeted amid uncertainity over the election results. The fall was the lowest seen since covid market crash. Catch all the latest updates on the counting of votes for Lok Sabha, state Assembly and bye elections here.
Catch minute-by-minute updates of all the action in the Indian share market today, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog:
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Closing Bell | Indices bleed; Sensex down 4390 pts at close; Nifty settles at 21,884.5
Share Market Today LIVE | Should investors 'buy on dips' or 'sit on cash' after today's unexpected losses on election results day?
Even as the markets have recovered from the day's low and investors are still awaiting the final Lok Sabha elections 2024 outcome, there is apprehension and immense nervousness among investors as to what direction they should take to amid the unprecedented fall which the markets have witnessed today. Read more
Share Market Today LIVE | UBS on election results and its impact on markets
If BJP does not get majority, it will have to form government with alliance which will be negative for the markets, says UBS
Three scenerios can happen now as per its report:
1. The government may not run smoothly if there are people from the alliance in the ministry with PM Modi.
2. NDA should form the government and the PM should not be Narendra Modi but someone else.
3. BJP alliance members should join INDIA and form government, there will be big policy changes.
Only the first scenerio of the three is positive for the market. The pace of reforms will remain the same in the first scenerio. Market valuations will be expensive.
UBS is 'underweight' on India
Share Market Today LIVE | Investors should be prepared for volatility due to currently high valuations and adopt a diversified approach, says Suman Bannerjee
"A combination of political stability with promises of reforms, improving economic conditions, and supportive global factors like quantitative easing by developed markets fueled a strong rally in Indian stock markets since May 2014. This surge led to over Rs 300 lakh crore in investor wealth, reflecting growing confidence and participation. The future trajectory hinges on the new government's economic policies, with factors like GDP growth, inflation, and global conditions playing a key role. Investors should be prepared for volatility due to currently high valuations and adopt a diversified approach," says Suman Bannerjee, CIO, Hedonova.
Share Market Today LIVE | Investors should be prepared for volatility due to currently high valuations and adopt a diversified approach, says Suman Bannerjee
"A combination of political stability with promises of reforms, improving economic conditions, and supportive global factors like quantitative easing by developed markets fueled a strong rally in Indian stock markets since May 2014. This surge led to over Rs 300 lakh crore in investor wealth, reflecting growing confidence and participation. The future trajectory hinges on the new government's economic policies, with factors like GDP growth, inflation, and global conditions playing a key role. Investors should be prepared for volatility due to currently high valuations and adopt a diversified approach," says Suman Bannerjee, CIO, Hedonova.
Share Market Today LIVE | Berger Paints, Bata India, Delta Corp, other stocks hit 52-week lows
As many as 20 stocks in the BSE 500 basket—the broadest index on the bourse—clock 52-week lows.
| ANURAS | 747.55 | 726.35 | 755.00 (31 May 2024) | 472.25 (31 Mar 2021) |
| ATUL | 5,527.45 | 5,183.10 | 5,616.05 (31 May 2024) | 9.25 (17 Oct 2000) |
| BAJAJFINSV | 1,488.45 | 1,419.00 | 1,451.10 (21 Aug 2023) | 88.6 (02 Dec 2008) |
| BALAMINES | 2,060.20 | 1,965.05 | 2,002.00 (10 Nov 2023) | 15.6 (09 Feb 2000) |
| BANDHANBNK | 180.35 | 169.45 | 170.35 (19 Apr 2024) | 152.35 (25 Mar 2020) |
| BATAINDIA | 1,345.90 | 1,269.00 | 1,293.65 (13 May 2024) | 26 (01 Apr 2003) |
| BERGEPAINT | 457.45 | 439.55 | 451.30 (31 May 2024) | 25.15 (24 Aug 2004) |
| CANFINHOME | 706.55 | 680.45 | 692.00 (26 Oct 2023) | 11 (29 May 1997) |
| CLEAN | 1,284.55 | 1,244.45 | 1,275.35 (14 May 2024) | 1227.45 (31 Mar 2023) |
| DALBHARAT | 1,682.35 | 1,664.20 | 1,700.05 (13 May 2024) | 406 (24 Mar 2020) |
| DELTACORP | 110 | 104.3 | 110.00 (28 Mar 2024) | 14.8 (29 Oct 2008) |
| DEVYANI | 149.3 | 142.05 | 142.30 (13 Mar 2024) | 107.7 (23 Aug 2021) |
| EPL | 176.25 | 171.05 | 174.65 (24 Apr 2024) | 9.5 (06 Mar 2009) |
| EUREKAFORBE | 418 | 397.15 | 418.25 (03 Jun 2024) | 282 (11 May 2022) |
| FLUOROCHEM | 2,830.00 | 2,480.00 | 2,549.95 (06 Nov 2023) | 219 (25 Mar 2020) |
| GMMPFAUDLR | 1,201.75 | 1,167.15 | 1,201.10 (26 Mar 2024) | 35.65 (03 Feb 2009) |
| HDFCLIFE | 536.95 | 511.1 | 538.10 (09 May 2024) | 307.65 (17 Nov 2017) |
| HLEGLAS | 409.55 | 397 | 405.00 (28 Mar 2024) | 7.5 (11 Mar 1999) |
| IDFCFIRSTB | 72.79 | 70.55 | 70.90 (12 Jun 2023) | 17.75 (24 Mar 2020) |
| INDIACEM | 186.4 | 172.55 | 193.85 (14 Mar 2024) | 12.85 (31 Mar 2003) |
Share Market Today LIVE | Market Wide Circuit Breakers rules
The index-based market-wide circuit breaker system applies at three stages of the index movement, either way viz. at 10 per cent, 15 per cent and 20 per cent. These circuit breakers when triggered bring about a coordinated trading halt in all equity and equity derivative markets nationwide. The market-wide circuit breakers are triggered by movement of either the S&P BSE Sensex or the NSE CNX Nifty, whichever is breached earlier.
The trigger limits and the respective halt duration is given below:
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Share Market Today LIVE | Major losers in Covid (Mar 23, 2020) vs today
Share Market Today LIVE | Immediate support is visible at the psychological level of 22,000, says Rupak De
"The index has fallen by about 5 per cent due to a weaker trend for the NDA in the poll counting. The market, which had begun to price in a landslide victory for the NDA, is witnessing a significant correction due to margin calls, as retail investors were carrying heavily leveraged positions. Support seems to be very fragile. Immediate support is visible at the psychological level of 22,000, below which the index might fall further towards 21,400-21,500. Recovery looks possible once the trend moves in favor of the BJP winning the election comfortably," says Rupak De, Senior Technical Analyst, LKP Securities.
Nifty Today LIVE | RIL, HDFC Bank, ICICI Bank, L&T among top drags in 50-scrip gauge
RIL, HDFC Bank, ICICI Bank, and L&T are among the top drags in the Nifty 50 universe. On the contrary, HUL, and Britannia are among the top gainers.
Here's a look at the heatmap in the 50-scrip universe by weight:
Source: NSE
Share Market Today LIVE | Bank Nifty posts worst fall in 4 years; technicals hint at further potential downward movement
Amid cautious sentiment as the polling outcome shows wide divergence from the exit polls, the Bank Nifty index registers the worst fall in 4 years.
What technicals indicate for Bank Nifty?
Jigar S. Patel, Sr. Manager - Equity Research-AnandRathi told ZeeBiz that Bank Nifty has reversed from a bearish deep crab pattern after reaching record levels of 51,133, which also marked the reversal zone for this pattern. This pattern indicates a significant shift in the trend, signalling a potential downward movement. However, Bank Nifty may take a short-term support around 46,800. This support level is crucial for the index as it provides a base from which it can potentially rebound. Read more
Share Market Today LIVE: Sensex, Nifty recover from day's lows ahead of Lok Sabha poll results
Share Market Today LIVE | Worst market fall since covid
Share Market Today LIVE | India VIX rises over 41% amid uncertainty surrounding the LS polls; what should investors do?
India VIX, a volatile index that measures the market's anticipation for volatility and fluctuations in the near term, rose over 37 per cent. At around 12:46 p.m., Indian VIX was up 41.34 per cent. As per Anand James, Chief Market Strategist, Geojit Financial Services, a rise in India VIX suggests that market expectation for downside surprise has eased. Read more