Stock Market Sensex, Nifty recover after posting worst day in 4 years as poll verdict anxiety eases
Mumbai/IBNS: Indian benchmark equity indices recovered on Wednesday (June 5) after posting their worst day in over four years in the previous session as Narendra Modi's BJP and its allies (NDA) secured lesser seats in the Lok Sabha election results declared on Tuesday (June 4).
The volatility on Dalal Street remained high with the benchmark indices, Sensex and Nifty 50, gyrating between gains and losses as the narrow win for BJP-led NDA raised concerns about policy continuity.
As per reports, BSE Sensex was trading over 1,400 points higher at 73,500 and Nifty topped 22,350 points. Both indices were up 2 percent.
S&P BSE Sensex and NSE Nifty 50 closed nearly 6 percent lower each on Tuesday after BJP won 240 seats and fell short of the 272 seats needed for a simple majority in the Lok Sabha.
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