The euphoria on Monday turned to panic on Tuesday as the NDA coalition fell way short of the emphatic performance that the exit polls had forecast. Investors, who had anticipated a strong victory for the ruling party, found themselves caught off guard as the actual election results painted a different picture. The Nifty ended the day at 21,884.50, down 1,379 points after touching a low of 21,281 during the day. The Sensex tumbled 4,389 points to finish at 72,079.05, after having hit 70,234 intra-day.
Valuations in Indian markets have become reasonable: Mirae's CIO Surana
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