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UNCERTAINTY OVER ELECTION RESULTS WILL KEEP MARKET VOLATILE: EXPERTS
The Business Guardian
|May 12, 2024
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.
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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.”
This story is from the May 12, 2024 edition of The Business Guardian.
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