Why is Indian stock market falling today? — explained

livemint.com:

Stock market today: After a stellar rally on Monday, the Indian stock market witnessed sharp selling in early morning deals on Tuesday. The Nifty 50 index lost around 700 points and touched an intraday low of 22,566, whereas the BSE Sensex lost over 2000 points and touched an intraday low of 74,234.

Likewise, the Bank Nifty index lost over 1500 points and touched an intraday low of 49,409. The market has turned red as the Lok Sabha Elections, a significant political event in India, are not in sync with the Exit Polls.

They said that early trends of the Lok Sabha Election results are disappointing for the stock market investors and this fall in the Indian stock market is mainly due to this surprising Lok Sabha Election results.Pointing to disappointing Lok Sabha Election 2024 results, Avinash Gorakshkar, Head of Research at Profitmart Securities, said, "This sharp fall in the Indian stock market is mainly due to the disappointing early trends in the Lok Sabha Election results. This trend is definitely not in sync with the Exit Poll.

This has put some panic in the market."Also Read: Election stocks to buy: Sumeet Bagadia recommends five breakout stocks todayHowever, Avinash Gorakshkar maintained that these are early trends and the picture will be more clear in the next one to two hours. He advised investors to maintain a 'strict stop loss ', a risk management strategy where a stock is automatically sold if it drops to a specific price in such a volatile market.Expecting the volatility to continue, Sumeet Bagadia, Executive Director at Choice Broking, said, "The India VIX Index has risen around 20 percent as the volatility index of the Indian stock market today touched a new 52-week peak of 26.32 in the early morning