Rapid recovery of losses after election results; Sensex rises by 2000 points, Nifty at 22500

After falling flat on the day of election results, the stock market saw a strong recovery on the very next day on Wednesday. During Wednesday's trading session, the Sensex gained 2000 points, while on the other hand, the Nifty also crossed the level of 22500 in a single day. In this way, the market has recovered half of the total loss incurred on the day of election results in a single day.

On Wednesday, at 2:06 p.m., the Sensex rose 1,993.22 (2.76%) points to 74,073.73. On the other hand, the Nifty rose 639.80 (2.92%) points to 22,524.30.

Earlier on Wednesday, the market opened on the green mark. In early trading, the Sensex rose by up to 600 points. In contrast, the Nifty was once again successful in crossing the 22000 level in early trade. Although the market experienced some volatility on Wednesday morning, strength gradually returned. At 9:39 a.m., the Sensex was trading at 72,267.95, up 188.90 points (0.26%). At the same time, the Nifty climbed 46.05 (0.21%) points to reach the level of 21,930.55.

After the Lok Sabha election results on Tuesday, the 30-share Sensex of the Bombay Stock Exchange fell 4,389.73 points or 5.74 percent to close at a two-month low of 72,079.05 points. The National Stock Exchange's Nifty also fell 1,982.45 points or 8.52 percent to a low of 21,281.45 points. However, despite the BJP not getting a majority, investors had predicted that the market would recover in the coming days, seeing the return of the Modi government to power. This recovery became visible after the market opened on Wednesday.