Share market saw worst day in this half decade due to lok sabha elections result

The stock market indices experienced a significant drop of over 8%. It marked their worst performance in four years due to the closely contested Lok Sabha election results in 2024 between the NDA and INDIA alliances. Share market today The trading session was characterized by extreme volatility. It leads to the elimination of the gains made in 2024 by the equity markets.Just under an hour ago, the Sensex plummeted by more than 6,000 points, while the Nifty50 declined by over 1,600 points. However, as of 1:10 pm, both indices showed signs of recovery from their lowest point of the day.The Sensex was trading 4,567.45 points lower at 71,701.33, and the Nifty50 was down by 1,443.80 points at 21,820.10. Experts views on share market news today Anand James, the chief market strategist at Geojit Financial, expressed concern over the negative implications of any outcome that does not indicate increased strength, given the extreme nature of the exit polls. Share market today: A blessing in disguise? Anil Rego, the Founder and Fund Manager at Right Horizons, holds the view that large-cap valuations seem promising in the short term.  Small and mid-cap stocks (SMIDs) are projected to deliver better performance in the long run.According to him, the volatility arising from the ruling party securing fewer seats than expected should be perceived as a chance to invest in carefully chosen bottom-up ideas. Irrespective of the election results and budget outcomes, it is advisable for investors to remain invested as the fundamentals support long-term investment strategies.