Risk aversion in Indian stocks continued on Thursday morning, as the indices opened the session on a negative note. After a stellar rally over the past few weeks, markets faced some resistance this week.
Taking a swipe at Congress leader Rahul Gandhi and Samajwadi Party leader Akhilesh Yadav, Union Home Minister Amit Shah on Wednesday said that they will blame EVMs for their defeat after the Lok Sabha election results are out.
On Wednesday morning, Indian stock indices consolidated from where they were at the previous session closing. After a stellar rally over the past few weeks, markets faced some resistance this week.
Indian indices Nifty and Sensex opened flat on Friday, near the record closing of the previous day. The Nifty Index opened at 22,930 points, very close to the 23,000 mark. The Sensex also sustained Thursday's rally and opened near 75,335, close to the 75,500 mark.
As India braces for the outcome of the upcoming elections, the focus shifts towards the crucial reforms by the NDA government if it secures a third term.
With the election results eagerly anticipated, the inspection aimed to ensure that all arrangements were in place for a smooth and efficient counting process.
Talking to ANI on Saturday, Tirkey said, "The election campaigning has ended, and we got a very positive response from the people for BJD and our CM, Naveen Patnaik. Everyone wants Naveen Patnaik to become the Chief Minister for the sixth time. Ever since BJD has been contesting, we have won
Regarding the ongoing volatility in the Indian stock market, Minister of External Affairs S Jaishankar on Monday expressed confidence that markets would stabilize after the election results.
While addressing a news conference at the Peshawar Press Club, former provincial ministers Taimur Jhagra and Kamran Khan Bangash and advocates Ali Zaman and Malik Shahab made a detailed multimedia presentation showing comparisons of official election results documents, including Forms 45, 47
Union Minister G Kishan Reddy said on Saturday that Revanth Reddy is asking for proof of the surgical strike and the public will give the proof on Lok Sabha poll results day, June 4.
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.
Union Minister Smriti Irani, on Wednesday lashed out at Ram Gopal Yadav over his statement against Ram Mandir and said that the BJP will give reply to the "anti-Sanatan" alliance by its election results.