Sensex plummets over 1,000 points, Nifty dips 345 points amid election

• Sensex and Nifty 50 witness significant drops of over 1 percent amid election worries
• Weekly Nifty options expiry day intensifies market volatility, adding to investor concerns
• Broader market indices, including Nifty Small Cap 100 and Nifty Midcap 100, trail behind benchmarks, reflecting widespread market impact

Concerns surrounding the general elections exacerbated market volatility on Thursday, leading to a significant downturn in both the Sensex and the Nifty 50. As trading commenced, both benchmark indices experienced a sharp drop of over 1 percent, reflecting heightened uncertainty among investors. The weekly Nifty options expiry day added to the turmoil, intensifying market fluctuations and dampening trading sentiment.

The BSE Sensex concluded the session with a notable decline of 1,062.22 points, settling at 72,404.17 points, while the Nifty 50 closed at 21,957.50 points, down by 345 points. Notably, broader market indices, including the Nifty Small Cap 100 and Nifty Midcap 100, underperformed the benchmarks, reflecting the widespread impact of the market downturn. Analysts anticipate continued momentum loss for major Indian indices, attributing the decline to lingering election uncertainties and subdued signals from Q4 results of large-cap companies.