848 stocks hit lower circuit on June 4 post LS polls

The Sensex tanked over 6,100 points in intraday trade to hit a low of 70,234.43 levels after hitting 76,300.46 during the day, as many as 848 stocks hit their respective lower circuit at 12:43 pm; with no buyers

By Connect Gujarat Desk 04 Jun 2024 in Business Featured

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The Indian markets saw one of the worst sell-offs in recent history on Tuesday, June 4, as the outcome of Lok Sabha elections disappointed.

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Sell-off was seen across the board, especially in stocks of public sector companies, banks, shares of infrastructure-related companies and Ambani, Adani group stocks.

The Sensex tanked over 6,100 points in intraday trade to hit a low of 70,234.43 levels after hitting 76,300.46 during the day.

As many as 848 stocks hit their respective lower circuit at 12:43 pm; with no buyers.

Bharat Heavy Electricals (BHEL), Bharat Electronics (BEL), Adani Ports and Special Economic Zone, REC, Power Finance Corporation (PFC) from the future & option (F&O) segment stocks tanked 25 per cent in intra-day trade. Equities with F&O contracts don't have fixed circuit limits for the day.

#stock #Sensex News #LSPolls