Closing Bell: Sensex plunges 4,390 pts, Nifty below 22,000 as landslide eludes NDA

On June 4, Indian benchmark indices, Sensex and Nifty, plummeted over 5%, with Sensex down 4,389.73 points to 72,079.05 and Nifty down 1,379.40 points to 21,884.50. Market losses erased gains from the past four months. While Nifty initially tested its major support at 200 DEMA around 21,280, a partial recovery in the latter half limited losses, settling at 21,844.50. \r

Most sectors, barring FMCG, saw significant declines, with PSUs, energy, and metals hit hardest. Investors may find opportunities to accumulate quality stocks amidst the volatility.