Indian shares see first weekly decline in three as election outcome nears

BENGALURU, May 31 (Reuters) – Indian shares swung between gains and losses on Friday to close slightly higher but recorded their first weekly decline in three, with investors making positional adjustments ahead of the outcome of the national elections next week.

The NSE Nifty 50 (.NSEI), opens new tab ended up 0.2% at 22,531 points, while the S&P BSE Sensex (.BSESN), opens new tab gained 0.1% to 73,961 points.

Both benchmarks rose as much as 0.7% in early trade before giving up the gains. For the week, they ended 1.9% lower.