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Market Slump:
Key Indices Fall Amid Election Uncertainty

The benchmark equity indices opened in the red on Tuesday, reversing gains from the best trading session in three years earlier.

Bank stocks faced significant pressure, with the Bank Nifty falling over 300 points, signaling investor caution amid political uncertainty.

Nifty PSE index dropped 3.5%, driven by early Lok Sabha poll trends indicating a weaker performance for the ruling National Democratic Alliance.

Adani Enterprises saw a sharp decline of 9.8% after reaching an all-time high the previous day, reflecting market volatility.

Nifty Smallcap 100 and Midcap 100 indices plummeted by over 5% and 3%, respectively, as broader market sentiment turned negative.

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