Investors dump stocks as election jitters trigger market plunge; Nifty ends below 21,900

The domestic equity market crashed today, as both the Nifty and the Sensex experienced their sharpest single-day decline since March 2020. Concerns over a potential weaker mandate for the BJP instilled a sense of unease, casting a shadow on India’s growth prospects. The Nifty closed below the 21,900 mark, with almost all sectoral indices ending in negative territory. The Nifty PSU Bank index tumbled by 15.14%, while the Nifty Oil & Gas index saw a substantial drop of 11.80%.