{"id":46959,"date":"2024-05-13T10:25:26","date_gmt":"2024-05-13T10:25:26","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/05\/13\/sensex-nifty-end-modestly-higher-after-volatility\/"},"modified":"2024-05-13T10:25:26","modified_gmt":"2024-05-13T10:25:26","slug":"sensex-nifty-end-modestly-higher-after-volatility","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/05\/13\/sensex-nifty-end-modestly-higher-after-volatility\/","title":{"rendered":"Sensex, Nifty End Modestly Higher After Volatility"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares ended modestly higher on Monday, after having fallen deep into the red earlier in the session due to uncertainty surrounding the general election results. <\/p>\n<p>The benchmark S&amp;P BSE Sensex hit an intraday low of   71,866.01 before reversing course to end the session up 111,66 points, or 0.15 percent, at 72,776.13.<\/p>\n<p>The broader NSE Nifty index closed up 48.85 points, or 0.22 percent, at 22,104.05, after having fallen to a low of 21,821.05 earlier. <\/p>\n<p>In an interview with NDTV, Union home minister Amit Shah cautioned against directly linking the stock market movements to the ongoing Lok Sabha elections but acknowledged that &#8220;some rumors&#8221; may have fueled the volatility.<\/p>\n<p>The senior BJP leader said that the market would &#8220;shoot up&#8221; after June 4 when the results of the general elections are scheduled to be announced.<\/p>\n<p>Tata Motors slumped 8.3 percent despite the company delivering strong Q4 performance. <br \/>Among other prominent decliners, NTPC, Coal India, Shriram Finance and BPCL dropped 1-2 percent. <\/p>\n<p>Cipla shares surged 6.1 percent after the pharmaceutical company announced a remarkable 79 percent growth in quarterly net profit. <\/p>\n<p>Adani Ports, Adani Enterprises, HDFC Life and Asian Paints jumped 3-4 percent. <\/p>\n<p>Cues from Asia and Europe were muted as investors awaited the release of key U.S. inflation data for April as well as Fed Chair Jerome Powell&#8217;s speech due this week for additional clarity on the Fed&#8217;s rate trajectory. <\/p>\n<p>The dollar dipped in European trade and gold prices were down nearly 1 percent while oil edged up slightly ahead of an OPEC+ meeting on supply policy. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty End Modestly Higher After Volatility<\/a><br \/>\n<br \/>2024-05-13 10:25:26<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares ended modestly higher on Monday, after having fallen deep into the red earlier in the session due to uncertainty surrounding the general election results. The benchmark S&amp;P BSE&#8230;<\/p>\n","protected":false},"author":2,"featured_media":46960,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1535139262971-c51845709a48?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-46959","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=46959"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46959\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/46960"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=46959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=46959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=46959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}