The indexes fell as much as 8.5%.
BENGALURU - Indian shares plunged over 8 per cent on June 4, set for their worst day in four years and erasing their gains for 2024, as vote-counting trends showed Prime Minister Narendra Modi’s allianceThe NSE Nifty 50 index was down 7.2 per cent at 21,605 points as of 12.41pm IST and the S&P BSE Sensex fell 6.6 per cent to 71,366.
“Despite exit polls giving a resounding victory for the ruling party, markets volatility gauge did not go down below 20, as it was pricing in an outlier,” he said.
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