Mumbai: Benchmark indices, Sensex and Nifty, are trading volatile on Friday.
The domestic market has seen a five-day decline, driven by adverse global sentiment and election result fears. At 1.25 p.m., the BSE Sensex is trading 220.71 points higher at 74,106.31, while NSE Nifty is up 74.30 points at 22,562.95.
Despite the US market’s downward trend, equities in the Asia-Pacific region started positively. The focus has now shifted to the general election, with the last phase scheduled for Saturday and results on June 4. Exit polls will be released Saturday evening, influencing markets next week.
Analysts expect Friday’s market to remain lacklustre, citing renewed selling by foreign investors as a concern. Nifty futures rollovers are at 72%, and the market-wide futures open interest for the June series is at historic highs, indicating a cautious yet active market.
