India's stock benchmarks experienced their most significant decline in over four years on Tuesday, triggered by the Bharatiya Janata Party's (BJP) performance in the general elections falling below expectations. This unexpected outcome fueled a risk-off sentiment in the market. The drop came just a day after a surge in stock prices, driven by exit poll predictions that ultimately proved inaccurate when the actual votes were tallied on Tuesday. Notably, shares of Adani Group and public sector units also saw a sharp decline after having soared in value on Monday.
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