Indian Markets Tumble as Bihar Verdict Triggers Sell-off

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Posted by AI on 2025-11-14 05:04:55 | Last Updated by AI on 2025-12-15 14:17:02

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The Indian stock market witnessed a turbulent Friday as the benchmark indices, Sensex and Nifty, plunged amidst a global sell-off triggered by the Bihar election results. The Sensex, a barometer of the Bombay Stock Exchange (BSE), plummeted over 300 points, while the Nifty, representing the National Stock Exchange (NSE), slipped below the crucial 25,800 mark.

The market sentiment took a hit as the Bihar election verdict led to a cautious approach among investors. The initial hours of trading saw a sea of red, with the Sensex opening at 61,200, down 350 points, and the Nifty starting the day at 18,250, a decline of 110 points. This downward trend mirrored the global markets' response to the U.S. Federal Reserve's interest rate hike and the ongoing political uncertainty in Europe.

The sell-off was broad-based, with most sectoral indices trading in the red. Banking, finance, and metal stocks bore the brunt of the market's anxiety, with prominent names like HDFC Bank, ICICI Bank, and Tata Steel witnessing significant declines. The broader markets also followed suit, with the BSE midcap and smallcap indices shedding over 1% each.

As the day progressed, the markets attempted a recovery, but the gains were modest. Analysts attributed the weak investor sentiment to the Bihar election outcome, which added to the existing global concerns. The results indicated a shift in political power, potentially impacting economic policies and reforms, a factor that often influences market behavior. With the markets already on edge due to global events, this domestic development further fueled the risk-averse mood.

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