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Exit polls loom as Sensex snaps 5-day losing streak with modest gains
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Indian benchmark equity indices pared early gains and closed slightly higher on Friday, halting a 5-day losing streak amid caution ahead of the exit polls on Saturday and the Lok Sabha election results next week.
The 30-share BSE benchmark Sensex rose 76 points or 0.10% to settle at 73,961. The broader NSE Nifty gained 42 points or 0.19% to end at 22,531.
India's month-long election will conclude on June 1, and the votes will be counted on June 4. Investors are awaiting the exit polls, which project outcomes after voting ends.
Additionally, fourth-quarter domestic GDP data is due later in the day, which is expected to show the economy grew at a slower pace than the previous three months.
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