Investor sentiment is fragile in Asian markets amid concerns over U.S. and global economic growth. Indian assets have been volatile due to the country's general election result.

Lower-than-expected BJP seats erase Nifty gains. Nifty falls by 5.93%, still trades expensively. India and Japan rally on economic growth and reforms. Overseas investors sell Indian shares, moving to cheaper markets like China.

Post-election, Nifty dropped reacting to exit polls. BJP leads with NDA's mandate for the third government, promising development reforms. PM Modi targets a developed India by 2047 with positive economic indicators like RBI rate cuts, good monsoons, and FIIs re-entry.

On Tuesday, Novelis, which is owned by the Indian billionaire Kumar Mangalam Birla's Hindalco Industries, announced the postponement of its initial public offering due to prevailing market conditions.

Adani Group's offshore bonds dropped 1-2 points post Modi government's failure to secure a predicted victory as per exit polls.

India's stock benchmarks plummeted on Tuesday after the Bharatiya Janata Party's weaker-than-anticipated performance in the general elections sparked risk-off sentiment. The market fell following inaccurate exit poll numbers, with the BSE Sensex slumping by 5.74%.

Indian markets reacted to the NDA's election results with a 6% loss in Sensex and Nifty. Concerns over socialist policies were raised. Traders were cautioned by Kotak Securities. Adian Markets and Hang Seng futures showed varied performance. Oil prices fell slightly. Stocks in F&O ban.

FMCG stocks favored as money exits PSU stocks. Strengthening consumer sentiment, rural market support are priorities for BJP.

PSUs tanked in trading post BJP's election setback. Concerns arise over govt's focus on reviving state-owned companies. Stocks plunge, eroding market cap by ₹10.62 lakh crore.

The power stock rose from Rs 255 in June 2023 to Rs 874 in June 2024, showing an upside of over 240% in a year. It has been gaining momentum in the past few months, rising over 13% in a week, more than 30% in a month and over 40% in the last 3 months.

Oil companies Exxon Mobil and Chevron dropped 2.3% and 1.5%, respectively, as demand concerns weighed on crude prices. Energy stocks led S&P 500 sectoral declines with 1.5% fall. Small-cap stocks, typically more sensitive to economic expectations, declined 1.2%, while the rate-sensitive real estate sector gained 0.9%.

The political development led to a sharp decline in Adani Group companies' stock prices as well, which fell by 20% due to the poor performance of the BJP.

According to mutual funds research firm Value Research, at present flexi-cap schemes on average have an allocation of 50.9% to blue-chips, 19.9% to large-caps, 22.9% to mid-caps and 6.8% to small-caps.

On June 4th, the stock markets tumbled as India experienced its major event of the year. Despite exit polls favouring the NDA's victory, the actual results were unexpected. The Congress-led India bloc presented a solid challenge to the BJP-led NDA alliance, particularly in states like UP and Maharashtra. This intense competition caused the Sensex and Nifty to remain in the red throughout the trading session. Keep watching to learn more about what happened in the markets on June 4th!

It was a sharp contrast to Monday's action where both FIIs and DIIs were net buyers and purchased shares worth Rs 6,851 crore and Rs 1,914 crore, respectively, taking the overall tally to Rs 8,765 crore.

Markets initially reacted based on the exit polls, which seemed to foster a lot of optimism. Many expected a post-election rally, as indicated by conversations suggesting bullish sentiments. Therefore, the reaction observed on Tuesday can be seen as a reflection of those high expectations, observed majority of analysts.

In the biggest single-day fall in four years, benchmark stock indices Sensex and Nifty plunged by nearly 6% on Tuesday as vote counting trends showed the BJP may not have a clear majority in the Lok Sabha polls. Reversing its Monday's sharp gains of over 3%, the 30-share BSE Sensex nosedived 4,389.73 points to close at a more than two-month low of 72,079.05. The NSE Nifty ended at 21,884.50, a sharp decline of 1,379.40 points. "The short-term trend of Nifty is highly volatile with a negative bias. Immediate support is placed for Nifty around 21,250 levels (20 day EMA). Once election result volatility settles down, the market could find direction for the near term. There is a possibility of an upside bounce in the Nifty from near 21,250-21,000 levels," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.Here are 4 stock recommendations for Wednesday:

Oil prices fell more than $1 on Tuesday on scepticism about an OPEC+ decision to boost supply later this year into a global market where demand has already shown signs of weakness.

The decline follows mayhem in the Indian markets. The benchmark index S&P BSE Sensex closed at 72,079.05, falling by 4,390 points or 6%. Nifty 50 corrected by 1,379.40 points or 6% to settle at 21,884.50.

Markets initially reacted based on the exit polls, which seemed to foster a lot of optimism. Many expected a post-election rally, as indicated by conversations suggesting bullish sentiments. Therefore, the reaction observed on Tuesday can be seen as a reflection of those high expectations, observed majority of analysts.

The Dow Jones Industrial Average fell 52.17 points, or 0.14%, at the open to 38,518.86.

Nifty recorded its biggest single-session fall in over 4 years. The Nifty Midcap and Nifty Smallcap indices also reported their biggest-ever fall in absolute terms while Nifty Bank plunged nearly 8%. FMCG space saw some buying. Public sector, infrastructure and CPSE indices saw heavy selling pressure, down by over 15% each.

Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Tuesday's trading session, five stocks witnessed a top long unwinding. Here's the list:

The broader NSE Nifty dropped 1,379 points or 5.93% to end at 21,884. Intraday, the indices fell as much as 8.5%, on track for their worst session since the onset of the Covid-19 pandemic. On Monday, the exit poll euphoria had helped indices jump over 3% on projections that the BJP-led alliance would likely get a two-thirds majority in the lower house. Barring the Nifty FMCG index, all the sectoral indices closed in deep red. Nifty Bank fell 8%, Realty fell 9.6%, PSU Bank fell 15%, while Oil & Gas fell 11.8% and Metal fell 10.6%.

Short covering refers to the buying of shares in order to close an existing short position or a position that has been sold. Short covering signals a shift in view on security from extreme bearishness to bullishness. In Tuesday's trading session, five stocks saw top short covering. Here's the list:

Nifty slipped below short-term and medium-term averages. Now, 50-day SMA or 22,400/73,500 and 22,500/74,000 are likely to act as key resistance areas for traders. Nifty has violated the higher-top and higher-bottom formations and suggests change in short-term trend.

Sensex fell 8.5 per cent or 6,235 points on Tuesday, experiencing its biggest drop since March 2020, when the world was reeling from the impact of Covid-19. Sensex erased all gains it made in the 2024 calendar year and fell below the 70,500 threshold after the polls, indicating that the BJP may not win as many seats as the market expected. ETMarkets highlight the five most recent occurrences where the index's intraday percentage decline approached or fell below this level. (Source: ACE Equity)

The 30-share BSE benchmark Sensex declined 4,390 points or 5.74% to settle at 72,079. The broader NSE Nifty dropped 1,379 points or 5.93% to end at 21,884.

The market rout on election results day hit defence, railway infra, metals and PSU sectors badly while FMCG and healthcare were among the gainers.

Market fall on Tuesday impacted Nifty Midcap 100, Nifty Smallcap 100, and Nifty Microcap 250 indices. Midcap index fell by 7% to 49,623.10, Smallcap index dropped by 7% to 15,801.80, and Microcap saw 247 stocks in red.

Sebi forms committee chaired by Usha Thorat to review ownership and economic structure of clearing corporations for resilience and neutrality.

SBI shares plunged by 13%, wiping out Rs 1.07 lakh crore from market cap amid a broader sell-off in PSU bank stocks, impacted by lower-than-expected victory margins in the Lok Sabha elections. Expert views remain mixed, with bullishness on private banks.

"We expect a market derating in the short term, as the risk on India has gone up. PSUs and Capital goods are the most vulnerable sectors, from which we would stay away for the time being. On the other hand, consumption should come back and we see FMCG and value retailers making a strong return. We are also constructive on Healthcare," said Seshadri Sen of Emkay Global.

​European shares slipped on Tuesday as weakness in crude prices dragged energy stocks, while investors refrained from placing huge bets before the European Central Bank's interest rate decision later this week.

The market capitalisation of the BSE listed companies fell by Rs 23 lakh crore with 736 stocks hitting lower circuits and 285 crashing to 52-week lows on the BSE.

Veritas Advertising and Bodhi Tree Multimedia topped the list with each falling 20% to Rs 170.30 and Rs 11.7, respectively, to hit their new 52-week lows.

There is no doubt that the market is going through a volatile phase and bears are once again telling the street to never write them off. Will this correction continue even longer ? It would probably be clear by the end of the day as the election result finally gets settled. Instead of focusing on how much nifty or bank nifty or any other index is down or up, focus on the fact that whether the sector or company is doing well and will it do well in future because the fundamental operating matrix of that sector has changed for better. Because volatile phases come and go, changes in the operating matrix don't happen every day. Pharmaceutical is one sector where there is a fundamental change taking place and it has happened after 8 to 10 years of restructuring and painful readjustment. So, it would be worthwhile to have them on watchlist and if the market remains volatile then it is a sector which probably has a higher probability of outperforming.

Indian shares fell sharply on Tuesday as early vote-counting trends showed Prime Minister Narendra Modi's Bharatiya Janata Party-led alliance was likely to win a majority, but the extent of the victory was unclear as its lead was narrower than predicted. Following these trends, several stocks crashed by up to 25%. Here's the list:

RIL investors lost Rs 1.67 lakh crore as shares tumbled 9.6% on BSE due to lower seat count estimates for the NDA alliance in Lok Sabha elections.

Nifty Bank fell to 46,077.85, with all 12 stocks in the index trading in the red. Heavyweights HDFC Bank and ICICI Bank were among the top laggards. State Bank of India (SBI) also contributed to the downfall in good stead.

The possibility of a bear market looms if NDA's seat tally falls short, shifting focus to economic growth and earnings. A hung parliament may trigger a market downturn before investors refocus on financial indicators.

A BSE Ltd gauge of state-run stocks dropped by as much as 20%. Shares of Adani Enterprises Ltd. and Adani Ports & Special Economic Zone Ltd. slumped more than 20%.

Initial poll result trends triggered a market bloodbath but some stocks like HUL, Dabur, and DMart resisted the . NDA leads but may not get a strong majority. Market fell over 7%, with HUL gaining. Analysts predict more correction if NDA falls below 300 seats.

Railway firm stocks plummeted up to 13%, as election trends diverged from exit polls. Rail Vikas Nigam dropped nearly 13%, with Ircon International down by 12%. Other firms like RailTel, IRFC, Texmaco, and IRCTC fell 6-10%. Titagarh Rail Systems and Jupiter Wagons also saw declines. Early data showed the BJP-led NDA leading in 289 seats, contrary to exit polls projecting over 370 seats.

Market fall on Tuesday impacted Nifty Midcap 100, Nifty Smallcap 100, and Nifty Microcap 250 indices. Midcap index fell by 7% to 49,623.10, Smallcap index dropped by 7% to 15,801.80, and Microcap saw 247 stocks in red.

RIL investors lost Rs 1.67 lakh crore as shares tumbled 9.6% on BSE due to lower seat count estimates for the NDA alliance in Lok Sabha elections.

Stock Market Crash Today: ​From the Sensex pack, Reliance Industries and HDFC Bank alone contributed to a 565-point decline in the index, while L&T, SBI, ITC, NTPC, and Power Grid were among other stocks dragging the index lower. Volatility gauge India VIX also spiked 20% to 25 levels. PSU, defence stocks were also trading with deep cuts.

PSU bank stocks dropped up to 20% on BSE as BJP-led NDA led in early election trends, defying exit polls. Central Bank, Union Bank, Canara Bank, PNB, and others saw significant declines. Analysts favor private banks like ICICI and HDFC amid political uncertainty. Shares of the State Bank of India cracked 19%. Meanwhile, Punjab National Bank, Bank of Baroda, Canara Bank, and Bank of Maharashtra also shed between 17-20%.

Sensex crashes over 6,100 points following disappointing early counting trends in the elections. The market capitalisation of BSE-listed stocks dropped significantly, erasing gains from the previous session.

Shares of all 10 Adani Group companies fell as PM Modi's election results showed unexpected outcome, leading to a 20% crash in Adani Ports stock.