The Nifty PSE index plummeted by 13.5% on Tuesday, driven by early trends in the Lok Sabha polls indicating a weaker-than-expected performance for the Narendra Modi-led National Democratic Alliance. This decline has affected all 20 stocks on the index, marking a broad-based sell-off.
REC and PFC have been hit the hardest, each falling by up to 20%, setting a record for their biggest single-day losses. Other stocks are also experiencing significant declines, with losses ranging from 7% to 20%.
Notably, REC and PFC are experiencing substantial declines, trading with losses of up to 20%, marking the biggest single-day fall on record for both stocks. Other major stocks are also facing significant losses:
BHEL
The shares falls over 18% to intra-day low of Rs 224.05,
Bharat Electronics
The shares of Bharat Electronics falls 16% to intra-day low of Rs 230.05.
NTPC
The shares of NTPC plunged by 17% to intra-day low of Rs 313.95.
GAIL
The shares of Gail (India) plunged by 20% to intra-day low of Rs 173.50.
CONCOR
The shares of Container Corporation of India plunged over 20% to intra-day low of Rs 880.70.
Coal India
The shares of Coal India plunged over 18% to intra-day low of Rs 410.80.
SAIL
The shares of Steel Authority of India plunged over 20% to intra-day low of Rs 124.80
Power Grid
The shares of Power Grid Corporation of India plunged over 13% to intra-day low of Rs 279.75
ONGC
The shares of Oil and Natural Gas Corporation plunged over 18% to intra-day low of Rs 223.
Hindustan Aeronautics
The shares of Hindustan Aeronautics plunged over 19% to intra-day low of Rs 3,955.25.
LIC
The shares of Life Insurance Corporation of India plunged over 12% to intra-day low of Rs 880.05
Oil India
The shares of Oil India plunged over 11% to intra-day low of Rs 545.00
NHPC
The shares of NHPC plunged over 15% to intra-day low of Rs 91.10
HPCL
The shares of Hindustan Petroleum Corp plunged over 13% to intra-day low of Rs 468.10
IRCTC
The shares of Indian Railway Ctrng and Trsm Corp plunged over 13% to intra-day low of Rs 845.30
NMDC
The shares of NMDC plunged over 9% to intra-day low of Rs 211.15
BPCL
The shares of Bharat Petroleum Corporation plunged over 11% to intra-day low of Rs 566.70.
Indian Oil
The shares of Indian Oil Corporation dropped over 8% to intra-day low of Rs 149.