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Sensex Crashes Over 4000 Points: What's Behind the Market Plunge?

📉 Sensex nosediving, wiping out gains and setting new records. Find out why the Indian stock market is in turmoil! 📊 #Sensex #StockMarket

The Indian stock market witnessed a staggering plunge today as the Sensex tumbled over 4000 points, erasing gains from the optimistic exit poll predictions. This drastic fall of 5.35% left investors reeling, with the Nifty index also dropping significantly by 4.80%. The market chaos was further exacerbated by the India VIX Index hitting a new 52-week high of 26.32, reflecting the heightened volatility and uncertainty.

As the Sensex and Nifty continued their downward spiral, all sectoral indices bled red, with Capital Goods, Oil & Gas, Power, and PSU Banks taking a hard hit, tumbling over 10%. The grim situation unfolded as market capitalization of BSE-listed stocks plummeted, signaling a deepening crisis in Dalal Street.

Amid the bloodbath in the stock market, speculations arose about the election trends impacting the downfall, with the Sensex tanking over 4000 points and the Nifty cracking below key levels. The free fall of the benchmark indices reflected the growing apprehensions and panic among investors, highlighting the fragility of the current market scenario.

In a surprising turn of events, the stock market crash today led to a rollercoaster ride for traders, with Sensex down by over 2000 points, coinciding with the counting of votes for the Lok Sabha elections. The sharp rally followed by a sudden nosedive showcased the volatility and unpredictability of the Indian financial landscape.

*Interesting Fact:* The 4000-point crash marked one of the most severe single-day declines in the history of the Indian stock market, underscoring the magnitude of the crisis and its far-reaching implications.

*Did You Know:* The Sensex plunge today echoed the sentiments of the 2008 financial crisis, drawing eerie parallels to the global economic turmoil experienced over a decade ago.