Kanpur Stock：India collapses!

Brothers and sisters, the Indian stock market is really magical. Yesterday, it skyrocketed 3%to reach a record high. Today, it flashes and plummeted. Let's see what happened together.

Indian stock market plunge

On the 4th, India's election was uncertain, resulting in a collective flash of the Indian stock market. Among them, the Indian Nifty Index fell more than 8%, the Indian Sensex index fell to 7%. At the same time, the Indian VIX panic index rose 50%.Kanpur Stock

Adani Ports, a company of India, has expanded to 25%, the largest decline since February 2023.Fall 17%, the largest decline since October 2008.

It is worth noting that the Indian stock market just reached a record high yesterday, and today the collective collapse, what happened behind it.

The reason is that during the weekend, local export polls showed that Prime Minister Modi will win the rare third consecutive term with an overwhelming majority, so the stock market reached a record high on Monday.

By the time of the formal votes on Tuesday, the results of the Indian elections were more tense than expected. The Indian People's Party led by Modi did not meet the market expectations.

The voting work began on Tuesday morning brought different news.The early data of the Election Commission shows that although the Indian People's Party is still expected to win, most of the seats they have obtained will be much less than in 2019.

The Indian People's Party and its allies are still expected to win most of the seats in the 543 seats of the parliament, although it seems that they are unlikely that they have tied the 351 seats they won in 2019, or have achieved Modi's ambitious 400 seat targets.Simla Wealth Management

The weak advantage of the Indian People's Party means that the party's economic reform in the plan, including increasing expenditure in infrastructure and manufacturing, will face greater challenges.

More and more signs show that the league led by Modi may not achieve an overwhelming victory of export polls and predictions, and stocks of state -owned enterprises and infrastructure -related enterprises have also fallen.

A index consisting of 54 stocks has fallen by more than 10%, and Lyon calls it "Modi stocks" because people think that these stocks will benefit from Modi to return power and continue the policy.

India's election is a bit unusual because its votes are carried out when their domestic market is open.

When most of the national elections, the votes are counting votes when the market is closed at night or weekends.For example, the November US election counting will start on Tuesday night local time, while Australia traditionally voted on Saturday.On the contrary, because votes are still being calculated at noon on Tuesday, we will see that the Indian market is extremely vulnerable to fluctuating votes.

According to market analysis, the victory of the Modi Alliance is smaller than expected, which will cause people to question whether the new government is capable of promoting the political difficulties in land and labor law. Some investors believe that these reforms will maintain India's economic growth.It is important, India's economic growth is already the fastest in the world.

Amit Kumar Gupta, the chief investment officer of Fintrekk Capital, said: "The market is expected to receive 400 seats by the Indian People's Party led by the People's Party, but it seems that this number will definitely not appear. Investors will not be a bit nervous.Hour, until the leading advantage is stable. "

A survey before Bloomberg's export polls showed that if the Indian People's Party failed to obtain a mid -distance seat of 272 seats, the stock market may fall by 10%.

A -share scenery is unique

Today's A -share opened low, and the Shanghai Index rose 0.41%as of the close of the closing. The Shenzhen Index rose 1.05%.

On the news, the end is good.The CSRC will release relevant policies and measures in the capital market at the 2024 Forum!

On June 4, the Mumbai Municipal People's Government held a press conference to introduce the relevant situation of the 2024 Forum.

Wang Li, deputy director of the General Office of the Indian Securities Regulatory Commission, said at the press conference: "The forum is a high -end international financial high -end dialogue platform with a wide influence. It has witnessed the development process of Mumbai International Financial Center.While actively participating in the forum, we also explain our regulatory concepts and policies through this platform, respond to social concerns, and promote the co -construction and governance of the capital market.

It is reported that Wu Qing, chairman of the Indian Securities Regulatory Commission, is the common rotation chairman of this forumHyderabad Stocks. Wang Li pointed out that "we attach great importance to participating in the forum preparations."Ahmedabad Wealth Management

Wang Li further pointed out that on the morning of June 19, Wu Qing would attend the opening ceremony of the forum and the overall conference, and delivered a speech around the theme of "promoting world economic growth with high -quality financial development".On the afternoon of June 19, Qiu Yong, the vice chairman of the Indian Securities Regulatory Commission Fang Xinghai and the Chairman of the Mumbai Exchange, will give a speech on the theme of "scientific and technological innovation and the high -quality development of the capital market" at the general meeting.

"During this forum, the Indian Securities Regulatory Commission will release relevant policies and measures in the capital market.Enhance competitiveness and influence, and better play the role and demonstration of Mencius in promoting Hindu modern construction. "Wang Li said.

In addition, there are more than a 20cm daily limit.6月3日晚间，收到交易所年报问询函的包括、、、、、、、、等多家上市公司。Among them, many companies have problems such as decline in revenue and net profit.