Stock Markets in bear grip: How long will the downward trend continue?
Downward Spiral Continue Ahead of loksabha Election Results Posted By NILESH WAGHELA Mumbai: As the final Phase of the Lok Sabha General Election 2024 approaches, the India's headline indices, BSE Sensex and NSE Nifty, continued to experience a notable decline, marking the fifth consecutive day of losses, sending shockwaves to investors. Benchmark indices Sensex and Nifty traded lower for the fifth straight day on Thursday as investors booked profits and chose to stay cautious ahead of the Lok Sabha election results on June 4. The 30-share BSE Sensex closed at 73,885.60, down by 617.30 points or 0.83 per cent. Meanwhile, the NSE Nifty ended the day at 22,488.65, down by 216.05 points or 0.95 per cent on Thursday, May 30. The reason for the current decline can attributed to factors such as heavyweight stocks like Reliance industries, TCS, and Infosys dragging down the indices. Another major factor for the market in red includes the concerns surrounding the upcoming election results...