Sensex Today: Stock market fell amid election results, Sensex fell by 5,000 points and Nifty by 1672 points

Sensex Today: Counting of votes for the Lok Sabha elections is underway. Amidst the election results, today i.e. on June 4, the Sensex is trading below 72,000 with a drop of about 5000 points. At the same time, the Nifty has also fallen by about 1672 points, it is trading at the level of 21,650.
Let us tell you, before this, such a big fall in the stock market was seen 4 years ago on 23 March 2020 due to Corona. After which this is the biggest fall in the stock market. In 2020, the market fell by 13.15%. On March 22, the Sensex was at the level of 29,915, which fell by 3934 points to the level of 25,981 on March 23.
Highlights from the trade:Nifty sees biggest intraday fall since February 2022Nifty PSU Bank drops over 9%; all components declineVolatility index India VIX surged over 33%Adani shares fell up to 11%Investors' wealth eroded by more than Rs 21.5 lakh crore10-year yield sees biggest rise in 8 months due to uncertainty over election resultsRailway shares fell more than 13%
expert opinion:Investors should not rush to buy today even if the results confirm the exit polls. Stay invested in largecaps and book some profits in smallcaps. An important trend yesterday was that largecaps outperformed smallcaps. This is mainly a result of FIIs turning into buyers. If FIIs continue to buy, this largecap outperformance will continue. RIL, L&T, HDFC, ICICI and M&M are in strong positions.