May Benchmark indices declined for the fifth consecutive session on Thursday as concerns about restrictive monetary policy and the election outcome continued to worry investors.
The S&P BSE Sensex ended the session at 73,886, with a decline of 617 points, or 0.8 per cent. The National Stock Exchange Nifty ended the session at 22,489, a decline of 216 points, or 0.95 per cent. The total market capitalisation of BSE-listed firms declined by ₹4.7 trillion to ₹410 trillion.
For both indices, the fifth day losing streak is the longest since October 2023.
Over the past week, investors have turned jittery, withdrawing money ahead of the election results on June 4.
The lower voter turnout during the elections has raised concerns about voter fatigue and its impact on the ruling National Democratic Alliance's winning margin. It has also stoked fears that a lessthan-comfortable majority will stall the policy measures markets had priced in during the rally leading up to the elections.
Analysts said if the ruling Bharatiya Janata Party fails to garner a simple majority, it will be a shocker for the markets as it has priced in 300-plus seats for the ruling party. Besides domestic factors, weak global cues weighed on sentiment.
この記事は Business Standard の May 31, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は Business Standard の May 31, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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