Stock market tanks as early trends at 10 AM show less seats to NDA

Mumbai, June 4 (UNI) Reacting sharply to early trend of elections results, the stock market tanked over 2 per cent in early trade as the BSE Sensex is at 74,785, about 1,700 points down from last closing and the Nifty also over 500 points down.

As the early trends painted a picture of close contest between NDA and the Opposition alliance in the first two hours of counting, the stock market also moved in sync with the result.

At 10 am, NDA has crossed the magic figure of 272 and is ahead in 289 while the India alliance is leading in 200 seats.

Most heavy weights including RIL, HDFC Bank, Airtel and L&T are seen in red zone.

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