Investors Lose ₹20 Lakh Crore in 20 Minutes Amid Tightening Election Race

Investors Lose ₹20 Lakh Crore in 20 Minutes Amid Tightening Election Race

Investors Lose ₹20 Lakh Crore in 20 Minutes Amid Tightening Election Race

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A sharp selloff in the Indian stock market on Tuesday, June 4, led to a significant loss for investors, eroding their wealth by approximately ₹20 lakh crore within the first 20 minutes of trading. The market’s swift reaction came as the election race became tighter than what exit polls had predicted.

By 9:35 am, the overall market capitalisation of companies listed on the BSE had plummeted to nearly ₹406 lakh crore, down from nearly ₹426 lakh crore at the previous close. The unexpected political developments created a wave of uncertainty, prompting investors to swiftly offload shares and resulting in one of the most dramatic drops in recent times.