Nifty PSE Index: The results of the country’s general elections are coming today. In the initial trends, BJP’s position appears to be opposite to the exit poll. Other opposition parties including Congress are in a strong position. However, at 10.40 am, the BJP-led NDA has succeeded in crossing the figure of 290. The effect of the trends is also visible on the stock market. The Nifty PSE index has seen a decline of up to 9 percent.
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Shares have fallen by 21%
All the stocks of Nifty PSE index are currently trending downwards. There has been a decline of 21 percent in the shares of BEL and BHEL. At the same time, the price of RECL Limited has fallen by more than 14 percent. A decline of 21 percent has been recorded in PFC. There has been a huge fall in the shares of 17 companies of the index.
Contrary results of exit poll
Earlier on Monday, a rise of 8 percent was seen in the PSE index. In all the exit polls that came on June 1, it was claimed that BJP government was being formed. And NDA will get a huge mandate. But there is a tough competition among all the trends that have come so far.
These companies had given strong returns in two years
During Modi 2.0, investors of PSU companies had earned huge profits. During the year 2023, a growth of 80 percent was seen in the PSE index. At the same time, till Monday in 2024, this index was successful in gaining 43 percent. But today the election trends have worsened the situation.
Most of the brokerage houses were predicting the return of Modi government on the basis of exit poll results. In such a situation, he had expressed hope that there will be no change in the policy of the present government. Due to which government companies were expected to benefit.
