According to the latest report, as on June 4, 11 am, the Sensex was down 2,992.78 points or 3.91 per cent at 73,476.00, and the Nifty was down 929.80 points or 4 per cent at 22,334.10.
BSE Midcap and smallcap indices down 4 per cent each. All the sectoral indices are trading in the red with PSU Bank down 9 per cent.
The market sentiment deteriorated after NDA-led coalition secured seats below exit poll estimates so far, while opposition I.N.D.I.A coalition exceeded exit poll predictions.
However, Bank Nifty tumbles over 2,800 points, falls below 48,200. The banking stocks were on a shaky ground as investors rushed to book profits after yesterday's record high moves. Shares of Bank of Baroda, PNB, SBI, Bandhan Bank, Axis Bank, IndusInd Bank, among others slipped up to 9 per cent, as against 5 per cent decline in the Bank Nifty index.
Meanwhile, India VIX saw the biggest single-day jump in 9 years since August 24, 2015. It spiked 39 per cent.
The top losers on Nifty included Adani Ports, Adani Enterprises, L&T, ONGC and Coal India.
All sectors are in red except pharma & healthcare indices, with oil & gas and PSU banks losing the most today.
As of 9.45 am, Adani group stocks tumble as much as 11%, while Adani ports fell nearly 9 per cent.
Reliance Industries dropped 2.7% to INR 2934 per share as of 9.55 am.
As of 10 am, Larsen & Toubro (L&T) fell 3.35% to INR 3766
ONGC fell 5.56% to INR 268.25
Coal India fell 6.16% to INR 480.
SBI shares fell 5.34% to INR 857.40
ITC dropped 2.01% to INR 421.90
NTPC fell 4.81% to INR 373.10
Power Grid fell 5.66% to INR 318.60.
BSE Sensex was down by 2.40 per cent or 1,837 points to 74,631, while the NSE Nifty was at 22,685 down by 2.48 per cent or 578 points at 9.40 am.
As of 9:20 am, the BSE Sensex was trading 2,800 points, or 3.66%, lower at 73,669.28. Nifty50 was down 809 points, or 3.6%, trading at 22,409 while volatility gauge India VIX also spiked 20% to 25 levels. Market capitalisation of all listed companies on BSE declined by ₹8.78 lakh crore to ₹417.13 lakh crore.
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