look news india
Tuesday, June 4, will be recorded as a nightmare in the history of the stock market in many ways. The results of the Lok Sabha elections came out completely opposite to the exit polls, which led to bloodshed in the stock market. The Sensex fell 5,661 points in a single day and the Sensex closed down 4,389.73 points at 72,079.05 points. Which had a very bad effect on the market. Low voter turnout in the seven-phase elections had already created uncertainty in the market. Due to the suspicion of sharp volatility in the stock market due to the election results, brokers have increased the price of trading in stocks and derivatives as part of their risk reduction measures. While some have increased the minimum amount of advance margin required for trading in stock futures and options. People demanded more collateral than usual for trading.
In its instructions to market participants, the Bombay Stock Exchange (BSE) warned brokers to be extra vigilant on the day of election results and exercise caution while placing orders in the trading system.
