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US Presidential poll: Rs 2 lakh crore wiped off in market mayhem amid Donald Trump poll win

The Rs 111 lakh crore market capitalisation in early trade took a hit as Trump inched closer to a victory against his rival Hillary Clinton in the US Presidential poll.

The surprise US poll results wiped off around Rs 5 lakh crore from the market value of BSE listed firms on Wednesday.

The Rs 111 lakh crore market capitalisation in early trade took a hit as Trump inched closer to a victory against his rival Hillary Clinton in the US Presidential poll.

At 11:40 am, the market cap stood at Rs 106 lakh crore, a loss of Rs 5 lakh crore.

At the end of day's trade, market cap of BSE listed firms rose to Rs 109 lakh crore, owing to a 1350 points recovery on the BSE.

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Stocks across sectors went into a tailspin with all Sensex components trading in the red.


Market volatility also went into negative territory at the end of the trade. Earlier, the NSE VIX rose 19.29 per cent, indicating heightened volatility.

India VIX is a volatility index based on the index option prices of NSE's benchmark index Nifty.

The index signals market expectation of 30-day volatility. The index is constructed using the implied volatilities of a wide range of S&P 500 index options.