June 14, 2024
Stock Market

Stock market today: Sensex, Nifty 50 fall almost 1% each in widespread selloff; investors lose ₹5 lakh crore in a day


Stock market today: The Indian stock market experienced a widespread selloff on Thursday, May 30, on the expiry day of May futures and options (F&O) contracts. Market participants remained jittery ahead of the Lok Sabha election 2024 results, which are set to be announced next week on June 4.

Election-related nervousness refuses to fade away even though the market hopes for the re-election of the BJP-led NDA. The last phase of the election is to be held on Saturday, June 1, while the counting of votes will start on June 4. The results of the election could be clear on the same day later.

Sensex ended with a loss of 617 points, or 0.83 per cent, at 73,885.60, while the Nifty 50 closed the day at 22,488.65, down 216 points, or 0.95 per cent.(More to come)

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