An evening walk on Dalal Street on May 23, 2019
Episode 1227, May 23, 2019, 11:36 AM
A volatile day for Indian markets but a historic one for sure as trends indicate that NDA is all set to form the government in 2019. Reacting to early trend, the S&P BSE Sensex rallied over 1,000 points to hit Mount 40K while Nifty50 rallied above 12,000.
A classic textbook scenario of "buy the rumour, sell the news" played out in markets as both Sensex, and Nifty50 gave up gains in the last one-hour of the trading session and turned negative as election results fell in line with the exit polls. According to CNBC-TV18, the Indian market witnessed its biggest intraday fall in last 11 years.