mumbai, Oct. 30 -- The Sensex ended 173 points lower at 39,749.85 while the Nifty50 index ended at 11,670.80, down 59 points, as rising novel coronavirus cases in Europe coupled with uncertainty over the US presidential election spread jitters through the Indian market.

These factors will likely keep India's equity market volatile along with the rest of global markets in the near term, deterring investors, analysts said.

In October so far, India's volatility index (VIX)-also called the fear index-has spiked 20%, indicating investors expect further corrections, taking cues from historical correlations of global markets with a Democratic or Republican victory in the US, either of which has shown to impact market sentiment in a distinct mann...