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stocks hit their 52-week lows on Tuesday as the markets crashed after the early trends suggested that the NDA will form the government but with a lesser- than-expected majority. Shares of Veritas Advertising and Bodhi Tree Multimedia saw the highest fall of nearly 20% each on Tuesday to Rs 170.30 and Rs 11.7, respectively, to hit their new 52-week lows. These estimates led the benchmark indices Sensex and Nifty losing over 7% each in what is the biggest fall in over 4 years. Tata group companies Tata Elxsi and Tata Technologies shares also fell 7.8% and 5%, respectively, on Tuesday while those of HDFC Life Insurance Company fell by 7% to new 52-week low on the BSE.

In a stock exchange notice today (4 June), the trust said it is trading at a «significant discount», but argued it its share price does not «accurately reflect» the value of its portfolio. Investment trust buybacks hit highest monthly figure on record According to data from the Association of Investment Companies, ORIT currently holds around £1.1bn in assets and is trading at a 30.1% discount. The decision stemmed from recent valuations achieved through net asset sales as well as the trust's capital recycling programme. ORIT noted that last year under the programme, it made two ...

ACC Ltd. traded at Rs 2351.0 on BSE at 01:44PM (IST) on Tuesday, down 12.19 per cent from previous close. The scrip quoted a 52-week low price of Rs 1755.8 and a high of Rs 2759.95.

stocks including Hindustan Unilever (HUL), Dabur, DMart, Marico resisted the negative sentiments. Early trends suggested that NDA is in pole position to form the government for the third consecutive term but unlikely to gain a brute majority of over 400 seats. This led to benchmark indices Sensex and Nifty losing over 7% in what is the biggest intraday fall in over 2 years.

"India's nominal GDP is growing around 10-11% because we are fundamentally a lower inflation country. So, I think to that extent we need to reset our long-term return expectations," says Prashant Jain, 3P Investment Managers. You were telling us about your next seven-year idea. Seven years back, it was PSUs. And it cannot be a SIP. I think buy Indian equities because India's growth is accelerating. You cannot ignore that. Our cost of capital is lower, you cannot ignore that. The local flows are sizable. And our bank balance sheets, company balance sheets are extremely good. Our current account deficit is low. The external environment is very conducive whether you talk about manufacturing or about services. So, I think I would be positive on India. I would continue to be positive on Indian equities. And see, please appreciate what happened yesterday. If something moves up 10%, 12%, and it is pricing in a lot of expectations. After all, what changed in a single day yesterday? Nothing.

Track live market updates hereThe massive selloff made investors poorer by nearly ₹38 lakh crore in a single session as the overall market capitalisation (mcap) of companies listed on the BSE plummeted to nearly ₹388 lakh crore in intraday trade from nearly ₹426 lakh crore at the previous session's close.Also Read: Stock market today: Investors lose ₹38 lakh crore as election race gets tighter than what exit polls predictedExperts pointed out that a slim majority for NDA may trigger short-term uncertainty on the policy front. However, the overall outlook for the Indian stock market may not drastically change."Investors should adopt a cautious approach if the NDA secures a slim margin in the 2024 Lok Sabha elections.

Also Read: Election Results 2024 Sensex Crash Live Updates: Bloodbath on Dalal St. as Sensex falls 4,600pts, Nifty down 6.2%BSE-listed companies erased market-cap of nearly ₹40 lakh crore. The Sensex fell below 72,000 and the Nifty 50 fell below the 21,200 mark, falling by around 7% each.

₹40 lakh crore. All the sectoral indices were trading with substantial losses, particularly public sector unit (PSU) stocks.This market reaction starkly contrasts with the optimistic projections made by Prime Minister Narendra Modi and Union Home Minister Amit Shah last month.

₹429 apiece from Monday's high of ₹559, while REC tumbled to ₹472.40 from its previous high of ₹607.80 per share.Also Read: Stock market today: Investors lose ₹38 lakh crore as election race gets tighter than what exit polls predictedOther multibagger PSU stocks such as RVNL, IRFC, RailTel Corporation, and IRCON International also experienced declines of up to 15% during today's trade. Additionally, defense PSU stocks like Mazagon Dock, Cochin Shipyard, and Bharat Dynamics saw losses of up to 10% in their share values.The entire PSU sector took a hit, reflected in all PSU sectoral indices trading in the red with cuts exceeding 10%.

₹26 lakh crore in intraday deals to around ₹400 lakh crore from ₹426 lakh crore in the previous session.The BSE Sensex tanked as much as 4,131.44 points or 5.4 percent to its day's low of 72,337.34. Meanwhile, the broader Nifty crashed 1,263.3 points or 5.4 percent to its 22,000.60.Meanwhile, in the previous session on Monday, the Indian stock market experienced its biggest single-day rally since January 2021.

Inflation remains stubbornly high. That’s why the Federal Reserve, as a part of its monetary tightening, has been reducing the size of its balance sheet, which still has more than $7 trillion in assets left over from its last round of quantitative easing. So why has the Fed now decided to slow the pace of quantitative tightening by $35 billion a month when inflation is still too high? The Federal Open Market Committee’s decision to slow QT comes from a desire to be sure that banks have “ample" reserve balances (deposits held by banks at the Fed) to meet daily cash needs.

Bajaj Holdings & Investment Ltd. dropped 2.91 per cent to Rs 7775.95 at 12:17PM (IST) in Tuesday's trade. The counter hit a high of Rs 8014.5 and low of Rs 7760.1 so far during the session. The stock had closed at Rs 8009.25 in the previous session. The counter had a total traded volume of 12:17PM shares so far with a turnover of Rs 0.43 crore on BSE. The stock traded at a price-to-earnings multiple of 12.23 and a price-to-book ratio of 1.7.

Tata Elxsi Ltd. traded 2.41 per cent lower in Tuesday's session at 11:56AM (IST). The stock opened at Rs 6999.9 and has touched an intraday high and low of Rs 6999.9 and Rs 6765.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 9191.1 and a 52-week low of 6765.0. About 21,230 shares changed hands on the counter so far.

companies such as PFC, REC Ltd and Adani Ports suffered the worst hit in today's market mayhem which witnessed a massive selloff on the back of a poor showing by the Narendra Modi led NDA in the Lok Sabha elections, results for which were trickling in early in the day. PFC and REC Ltd fell nearly 20% to Rs 443.85 and Rs 485 respectively while companies like HUDCO, Adani Energy Solutions, Adani Green Energy, Titagargh Rail and Adani Total Gas also witnessed an over 15% crash so far in the day.

SBI Cards and Payment Services Ltd. dropped 3.29 per cent to Rs 681.95 at 12:02PM (IST) in Tuesday's trade. The counter hit a high of Rs 709.95 and low of Rs 676.1 so far during the session. The stock had closed at Rs 705.15 in the previous session. The counter had a total traded volume of 12:02PM shares so far with a turnover of Rs 3.22 crore on BSE. The stock traded at a price-to-earnings multiple of 27.71 and a price-to-book ratio of 5.37.

GAIL Ltd , Oil and Natural Gas Corporation (ONGC), Hindustan Petroleum Corporation and Oil India limited , were among the prominent upstream oil and Gas producer saw its share price decline 10-17% in intraday trades. GAIL Ltd was the largets loser with 17% decline in share price.Among other counters Bharat Petroleum Corporations Ltd, Petronet LNG, Mahanagar Gas Ltd, Indian Oil Corporation Ltd were also among the significant losers with their share prices declining 8-10.Meanwhile the index heavyweights like the Reliance Industries share price also declined more than 6%The City Gas distribution companies as Gujarat Gas Ltd, Indraprastha Gas Limited share price also declined more than 6%.Also Read Crude oil prices drop nearly 8% in just 5 sessions to hit a 4-month low on worries over higher supplyThe uncertainty around the Lok Sabha Election results led to the fall in the share prices.

Also Read: Lok Sabha Election Results 2024: Will Nifty 50 break its record today if Narendra Modi-led NDA retains power?On Sunday, OPEC+ announced an agreement to extend most of their supply cuts through the third quarter, with a plan to gradually phase them out over the next 12 months, earlier than some OPEC watchers had assumed.The accord prolongs roughly 2 million barrels per day of cuts, which have played a key role in supporting crude prices above $80 per barrel this year. By December, an additional 500,000 barrels per day is expected to re-enter the market, with a total of 1.8 million barrels per day anticipated to return by June 2025.Also Read: Stock market today: Investors lose ₹26 lakh crore as election race gets tighter than what exit polls predictedThis decision comes even as global oil demand appears dim and robust supply from non-OPEC members persists.

Also Read: Investors lose ₹20 lakh crore within first 20 mins of trade as election race gets tighter than what exit polls predictedThe trends in the election results showed that Prime Minister Narendra Modi’s National Democratic Alliance (NDA) was leading, but with an unclear margin. The trends were not in-line with the exit polls, which indicated a thumping majority for the BJP, leading a sharp rally in the Indian stock market on Monday.

defence stocks crashed 11% on BSE today as early counting trends showed that the ruling NDA may get lower than expected seats in the Lok Sabha elections. Shares of Mazagon Dock fell a little over 11% to day’s low of Rs 2,898.25 while Bharat Dynamics and BEL shares fell by 9.8% to their respective lows of Rs 1,440.35 and Rs 287.25. Cochin Shipyard shares dipped nearly 9% while Hindustan Aeronautics shares fell 10%.

«One thing is consensus that they will come to power maybe with not 370 but maybe 300-320 that will be accepted by the market and we may be in a range with a day of profit booking. Does that change the trend? We will know only by the end of the day,» says Sanjiv Bhasin, Director, IIFL Securities. The initial polls are indicating that markets in a sense are getting what they want in terms of an election verdict. So, why is there a such a fall? Well, clearly a large part of everything was played out yesterday. The biggest bout of short covering. Now, it is difficult till 12 o'clock to get clear trends, but like I said if it is not such a big majority and specific groups which may had outperformed particularly PSUs, Adani and the likes, there may be a little bit of froth over there.

PI Industries Ltd. traded 0.71 per cent down at Rs 3620.7 at 11:36AM (IST) on Tuesday, even as BSE benchmark Sensex dropped 3224.86 points to 73243.92. The stock had closed at Rs 3646.6 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 4032.0 and Rs 3060.0, respectively.