The Nifty and Sensex opened lower, reflecting market nervousness ahead of the election results set to be announced on June 4. Selling pressure was seen across the board, with broader indices and all 13 major sectoral indices in the red.
“It’s a healthy correction that we are seeing in the market ahead of election results. The monthly expiry could also be leading traders to trim their positions. However, the overall tone of the market is positve and won’t see a reversal in gains as long as Nifty stays above 22,500,” said Ajit Mishra, SVP Research, Religare Broking.
