Indian shares ease off record highs as volatility stays elevated
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 27 2024
0mins
Source: reuters
- Indian Stock Market: Indian blue-chip indexes hit record highs before easing back due to energy stocks dropping and high volatility related to nerves over ongoing general elections.
- Market Performance: NSE Nifty 50 was up 0.2% at 22,991.05 points, while S&P BSE Sensex added 0.24% to 75,588 points.
- Volatility Concerns: Reports of lower voter turnout in elections and voter fatigue raised doubts about the margin of victory for the ruling party, leading to elevated volatility.
- Factors Affecting Market: Last week of waiting for election results and final leg of earnings season contributed to continued high volatility levels.
- Sectoral Performance: Banks and financials were top gainers, while energy stocks dropped; Divi's Labs saw gains, and Adani Ports will replace Wipro in the Sensex on June 24.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
