Indian stock benchmarks reversed the trend to finish deep in the red, wiping gains from earlier sessions late on April’s last trading, falling nearly 1 percent and finishing the month lower.
Global equities have gone through wild swings as traders grapple with the fallout from the escalating crisis between Russia and Ukraine – now in its third month, questioning the impact of China’s severe lockdowns and global stagflation risks.
The 30-share BSE Sensex index gained more than 300 points earlier in the session, closing its last April trade in the red with a 460 point drop, or 0.8 percent, at 57,060. The index closed more than 2.6 percent lower for the month.
The broader NSE Nifty fell 0.8 percent to about 17,102 points Friday.
The volatility was reflected in this week’s trading moves. Indeed, on Thursday, the BSE rose 700 points to around 57,521, and the broader NSE Nifty gained 1.2 percent to 17,245, after falling nearly 1 percent in the previous session.
On Tuesday, the Sensex was up nearly 800 points to about 57,356, while the Nifty was up nearly 1.5 percent to about 17,200 after both indexes fell more than 1 percent on Monday.
