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PSU bank stocks dropped up to 10% on BSE as BJP-led NDA led in early election trends, defying exit polls. Central Bank, Union Bank, Canara Bank, PNB, and others saw significant declines. Analysts favor private banks like ICICI and HDFC amid political uncertainty.

S&P PSU Index fell 6% during Lok-Sabha vote counting. Stocks like Cochin Shipyard, Coal India, and SBI saw significant drops. D-Street investors lost Rs 9 lakh crore in 15 minutes as Sensex crashed 2,800 points.

The stock quoted a 52-week high of Rs 1352.9 and a 52-week low of Rs 997.4.

As India awaits Lok Sabha election results, forecasts suggest a likely win for the Modi-led NDA alliance. Analysts anticipate market reactions, citing historical data. Post-poll, equities could experience short-term fluctuations, but tend to rebound in the medium to long term.

​​Commodities, metals, wherever the left out feeling. I am not saying that they are going to fall overnight. See the risk on the table is less. You do not want to be burned right at the top and then see a 15% correction and then forward. So, I think taking money there off. But private banks, like I told you, UltraTech, a lot of those like ABFRL, Vodafone and Rattan Power that Rs 9.50 stock is locked at 20.25.

A total of 49,070 shares changed hands on the counter till time (IST).

The Nifty Pharma index was trading 1.08 per cent down at 18660.4.

The Relative Strength Index of the stock stood at 36.33 on Tuesday.