AIRLINK 172.89 Decreased By ▼ -2.84 (-1.62%)
BOP 13.25 Increased By ▲ 0.13 (0.99%)
CNERGY 7.39 Decreased By ▼ -0.15 (-1.99%)
FCCL 43.48 Decreased By ▼ -0.43 (-0.98%)
FFL 14.88 Decreased By ▼ -0.13 (-0.87%)
FLYNG 26.46 Decreased By ▼ -0.44 (-1.64%)
HUBC 129.65 Decreased By ▼ -0.58 (-0.45%)
HUMNL 13.22 Decreased By ▼ -0.12 (-0.9%)
KEL 4.44 Decreased By ▼ -0.06 (-1.33%)
KOSM 6.04 Decreased By ▼ -0.02 (-0.33%)
MLCF 55.30 Decreased By ▼ -0.73 (-1.3%)
OGDC 211.25 Decreased By ▼ -3.52 (-1.64%)
PACE 5.91 Decreased By ▼ -0.07 (-1.17%)
PAEL 41.01 Increased By ▲ 0.11 (0.27%)
PIAHCLA 16.20 Decreased By ▼ -0.12 (-0.74%)
PIBTL 9.57 Decreased By ▼ -0.18 (-1.85%)
POWER 11.52 Decreased By ▼ -0.24 (-2.04%)
PPL 177.80 Decreased By ▼ -3.68 (-2.03%)
PRL 33.38 Decreased By ▼ -0.84 (-2.45%)
PTC 22.76 Decreased By ▼ -0.30 (-1.3%)
SEARL 94.20 Decreased By ▼ -1.52 (-1.59%)
SILK 1.18 Increased By ▲ 0.04 (3.51%)
SSGC 34.86 Decreased By ▼ -0.59 (-1.66%)
SYM 15.85 Increased By ▲ 0.10 (0.63%)
TELE 7.79 Decreased By ▼ -0.08 (-1.02%)
TPLP 10.85 Decreased By ▼ -0.13 (-1.18%)
TRG 60.68 Increased By ▲ 0.18 (0.3%)
WAVESAPP 10.72 Decreased By ▼ -0.09 (-0.83%)
WTL 1.32 Decreased By ▼ -0.03 (-2.22%)
YOUW 3.76 Decreased By ▼ -0.01 (-0.27%)
BR100 12,027 Decreased By -27.1 (-0.22%)
BR30 36,259 Decreased By -208.1 (-0.57%)
KSE100 113,679 Decreased By -677.3 (-0.59%)
KSE30 35,038 Decreased By -309.1 (-0.87%)

BENGALURU: Indian shares ended at four-week lows on Thursday, reversing intraday gains, as volatility spiked ahead of key quarterly earnings and the start of the country’s general elections.

The NSE Nifty 50 fell 0.69% to 21,995.85, while the S&P BSE Sensex shed 0.62% to 72,488.99 at close. The benchmarks rose as much as 0.8% during the session, but gave up gains in the final two hours of trade to close at four-week lows.

The indexes have dropped more than 3% in the four sessions since hitting record closing highs on April 10, marking their longest losing streak in about six months.

“Volatility is likely to rise further and remain elevated, as quarterly earnings season and national elections get underway,” Ajit Banerjee, chief investment officer of Shriram Life Insurance said.

“Domestic equities are not immune from the impact of geopolitical concerns or US rate outlook.” India’s Nifty volatility index rose to 13.04 on the day, highest since March 20.

Comments

Comments are closed.