Share market today: 21 of Nifty 500 stocks rally upto 7% despite market crash; Marico, Hero MotoCorp hit record highs

livemint.com:

Hero MotoCorptouched all-time high levels on Tuesday's session. The other stocks that ended in green were Hindustan Unilever Ltd (HUL), Dabur India Ltd, Sun TV Network Ltd, Colgate-Palmolive (India) Ltd, Avenue Supermarts Ltd, United Breweries Ltd, Nestle India Ltd, Godrej Consumer Products Ltd, Pidilite Industries Ltd, United Spirits Ltd, Max Healthcare Institute Ltd, Procter & Gamble Hygiene & Healthcare Ltd, Abbott India Ltd, Tata Consumer Products Ltd, Page Industries Ltd, and UTI Asset Management Company Ltd.The real counting of ballots today (Tuesday, June 4) indicates, in contrast to exit polls based on sample data, that Modi's NDA has a considerably weaker mandate.

Although the count is still ongoing, the BJP party led by Modi appears unlikely to win more than 272 seats (2024: 230–240 seats versus 2019: 303 seats). This would require the party to form an alliance with other parties, suggesting the return of coalition government politics to India after a decade of single-party rule, according to a report from global brokerage UBS.The domestic benchmark indices lost over 5% on Tuesday's session.

The Nifty 50 touched an intraday low of 21,281.45, while Sensex, hit an intraday low of 70,234.43 level. the 30-share BSE Sensex ended lower by 4,389.73 points or 5.74% at 72,079.05 level while the Nifty 50 closed at 21,884.50 level, down 1,379.40 points or 5.93%.Mostly the Fast-Moving Consumer Goods (FMCG) stock were the ones that were trading in the green despite the sharp decline in the market as a whole is not pleased of the counting, which is not providing National Democratic Alliance (NDA) with a clear mandate.

There is neck to neck competition which can make the opposition stronger. “FMCG sector is expected to show