Mumbai: Indian stock markets crashed by over 5,000 points this morning, after a sharp rally in the previous session, as early vote-counting trends showed Prime Minister Narendra Modi’s Bharatiya Janata Party-led alliance leading in more than 272 seats, but the extent of the victory was not clear and its lead narrower than what exit polls had predicted.
The BSE Sensex was down 5.71 per cent or 4,378 points at 72,067, while the NSE Nifty 50 was down 5.74 per cent or 1,334 points at noon. Early on Monday, BSE Sensex and NSE Nifty 50 hit all-time highs after most of the exit polls suggested a return of the BJP Government.
