*Broad Reasons For Yesterday's Market Fall*
- The fall in the market is primary attributed to the prevailing uncertainty surrounding the general elections. This uncertainty has bolstered India's VIX as well, reaching 19 month high, indicative of market apprehension in the short term.
- Low voter turnout witnessed in the initial three phases of the elections, have exacerbated markets' nervousness.
- Index heavyweights including Reliance Industries, L&T, HDFC Bank, ICICI Bank and ITC saw broad-based selling due to political uncertainty. These key players collectively accounted for approximately 80 per cent of the index's decline, exerting considerable downward pressure on the stock markets.
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