Share market highlights: After soaring to a fresh record high on Tuesday morning following Narendra Modi’s exit poll win, the Sensex and Nifty ended the session in deep red. The Sensex closed 382 points down at 38,969.80, while the Nifty closed 119 points down at 11,709.10. Tata Motors share price plunged by more than 6.7% to close at Rs 177.30, while IndusInd Bank shares closed down by more than 3.3% to Rs 1,443, to emerge among the biggest Sensex losers.
Earlier, continuing its robust gain from Monday, the Sensex and Nifty swelled to a new record high of 39,571.13, while the Nifty soared to a new high of 11,883.55. Asian shares wobbled near four-month lows on Tuesday on mounting worries the White House’s black-listing of Chinese telecom giant Huawei Technologies could further inflame already tense relations between Washington and Beijing. MSCI’s broadest index of Asia-Pacific shares outside Japan was flat in early trade but stayed close to a four-month low touched on Friday. It has fallen about 8% from a nine-month peak hit just over a month ago. Japan’s Nikkei fell 0.5%, Reuters reported.