The counting of votes began at 8 am, earlier today, for the State Assembly Elections Results in five states – Madhya Pradesh, Rajasthan, Chhattisgarh, Telangana, and Mizoram. The early trends by the Election Commission of India (ECI) have suggested that the Indian National Congress (INC) has gained leads in all the five states, with Bharatiya Janata Party (BJP) catching up in them.

In another development that would have influenced the fluctuation in the market could be the resignation of Reserve Bank of India (RBI) Governor Urijit Patel. The fact that he had (unprecedentedly) resigned after the market hours on Monday, the slide in Sensex was predicted.

 

The value of rupee also decreased, as the Indian currency saw its value fell by Rs 1.10. As per the latest reports, 1 US Dollar was equivalent to Rs. 72.30. Urjit Patel Resigns as RBI Governor Citing 'Personal Reasons'

The BSE Sensex opened with 324 points down at 34,365 at 9.15 when the opening rang on December 11. On the other hand, the NSE was down by 105 points, and it opened on 10,383 points.

The stock markets had a bad day on Monday too, as the Sensex tanked way below by 700 points. It was due to the Exit Polls of the Assembly Elections that were announced recently. The Sensex fell by 713 points and ended at 34, 959 points.

(The above story first appeared on LatestLY on Dec 11, 2018 09:43 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).