Stock Market Crash Highlights: BSE Sensex ends 4,390 points down; Nifty50 plunges 5.93% as Modi-led NDA faces tough fight from INDIA bloc

Stock Market Crash Live Updates: BSE Sensex and Nifty50, the Indian equity benchmark indices, witnessed a ‘Terrible Tuesday’ with bloodbath on the Dalal Street. BSE Sensex and Nifty50 ended the day down almost 6%, seeing their worst fall in over 4 years. The market rout was due to INDIA bloc putting up a better fight than anticipated. Prime Minister Narendra Modi-led NDA is unlikely to win with a huge margin, indicate Lok Sabha counting trends. The market sees immediate ramifications on reforms due to the possible reduced mandate for BJP-led NDA. The market saw huge shockwaves after the over 3% gains it made in trade on Monday on the back of exit polls that predicted a clean sweep for NDA.

On Monday, BSE Sensex and Nifty50 touched life-time highs and closed at record highs as well after rising over 3%. Earlier exit polls had projected a significant victory for Modi, causing markets to reach record highs on Monday as investors were encouraged by expectations of continued economic growth. Modi's Bharatiya Janata Party-led NDA alliance took early leads, pulling ahead in more than 290 seats out of the total 543 in the lower house of parliament.