The stock market experienced a major downturn on Tuesday, with the Sensex plummeting by 5,000 points. This abrupt decline resulted in investors collectively losing over Rs 26 lakh crore.
The sharp drop in the Sensex, the key index of the Bombay Stock Exchange (BSE), sent shockwaves across the financial
landscape, prompting concerns and uncertainty among market participants.
The primary trigger for this massive decline appears to be the prevailing political scenario as exit poll expectations suggested that Prime Minister Narendra Modi's BJP-led alliance might secure a majority in the Lok Sabha elections.