BSE Sensex on Monday showed a visible difference of 714 points under heavy selling pressure with a steep decline of 714 points.
The reports of exit polls indicates that the Congress regains its lost glory, giving a tough competition to the BJP in this turn influence the BSE and NSE rates.
Sensex has gone below the 35,000 marks reaching 714 points on Monday,having a 2% decline.
National Stock Exchange Nifty also went down by 205.25 points, or 1.92 per cent, to 10,488.45.
When the exit poll results showed a slight preference to the Congress rather than the ruling party BJP in the states including Madhya Pradesh , Chattisgarh and a remarkable lead in Rajasthan, which created a panic among the investors and thus stocks fell down.
The visible drop of Rupee to dollar is also increased the impact of the Stock Exchange values.Indian Rupee was at 71.45 against dollar on Monday.
This was the major steep decrease for the two exchanges, after the last fall before two months.
Apart from that, the sectoral indices of major shares of pharma,metal,realty, and financial stocks reached red in both stock exchanges.
Other major losers include tata Motors, Adani Ports, Bharti Airtel, Sun Pharma, L&T, and more