Stock Market on Result Day: Early trends in the vote count for the Lok Sabha polls suggest that the BJP-led NDA’s dream of crossing the 400 mark seems unfulfilled. The market was so high because of the exit polls that it went lower today. PSU and banking stocks are falling today at the same speed with which they took off.
The Nifty PSU Bank Index fell by 5.74 percent. The private bank index also fell 3.09 percent in early trade. Bank Nifty is also down by 3.36 percent. Financial services also fell by more than 3 percent. Only Nifty FMCG, Pharma and Healthcare indices are in green.
All 12 stocks included in the Nifty PSU Bank Index are in the red. Bank of Baroda suffered the most. Today there is a decrease of 6.67 percent. At the same time, IOB today Rs. 72 and fell to Rs. 69.95 has come up. Bank of India is down 4.80 percent. It has come down to Rs 129.05. Bank of Maharashtra also fell by 4.83 percent to Rs. is at 69.
Investors are under tension due to election trend, crash in stock market
UCO Bank is down 4.85% at Rs 58.80. Union Bank shares also took a hit. Today it has a weakness of 4.91 percent. The wings of the flying state bank on Monday have also been clipped. Shares of SBI fell more than 5 percent today. Selling is also strong in Punjab and Sindh Bank shares. This stock also fell by more than 5 percent.
Shares of Punjab National Bank fell nearly 6 percent to Rs 128.95. Shares of Central Bank of India also fell more than 6 percent to Rs 67.95. Indian Bank and Canara Bank are also seeing a decline of more than 6 percent.
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