Sensex, Nifty open 2 per cent down on counting day

Mumbai, June 4 : Sensex went down over 1,500 points on Tuesday as the Nifty dropped more than 500 points amid early trends on Lok Sabha elections counting day.

The Sensex opened 1,544.14 points, or 2.02 per cent, down at 74,924.64, while the Nifty opened 491.10 points, or 2.11 per cent, down at 22,772.80. Nearly 891 shares advanced, 1,572 shares declined while 121 shares remained unchanged.

Market experts advised that investors need not rush in to buy even if the results confirm the Exit Poll findings. “Remain invested in largecaps and do some profit booking in smallcaps,” they said. On Monday, stock markets gained over Rs 12 lakh crore, or 3.25 per cent. Exit polls predicting the NDA government retaining power with a thumping majority pushed Sensex and Nifty to new highs on Monday.