After exit polls predicted a huge surge for NDA from the 2014 tally, the first-round results made the market jittery. The volatility index India VIX had spiked to 25.06. Benchmark indices Sensex and Nifty opened on a negative note on June 4, 2024, and quickly dropped over 3 per cent as markets were in for a negative surprise of BJP not securing a huge majority. Then it showed signs of recovering from its fears as the trend showed a reversal in favour of NDA. However, at around 11 am, disappointment set in at bourses as traders feel a bleak chance of any coalition securing a comfortable majority leading to fears of a hung house.