UNCERTAINTY OVER ELECTION RESULTS WILL KEEP MARKET VOLATILE: EXPERTS

The Nifty-50 Index and Sensex both experienced losses of around 3 percent each over the past week, while the mid-cap index saw a decline of 3.9 percent. The Indian market has been consistently under pressure from selling by investors, leading to significant volatility in the past week.

In contrast, global markets have maintained their buoyancy, with Brazil, Germany, and the US emerging as the top-performing markets. Experts attribute this disparity to the apprehension surrounding the upcoming elections, which is making investors adopt a cautious stance.

According to Ajay Bagga, Banking and Market Expert, “Given an electorate of 98 crores plus, of which some 62-64 crores will vote, and that more than 100 crores are giving opinions every day, it is but logical that there will be a lot of uncertainty and confusion around the June 4th Election Results outcome.”