Stock Market Live: In a highly volatile session, both frontline equity indices BSE Sensex and NSE Nifty 50 moved back and forth in green and red territories. Sensex opened 954.88 points, or 1.32 per cent higher at 73,033.90 while Nifty inched 243.80 points, or 1.11 per cent higher at 22128.30, signalling easing political nervousness among market participants. After trading at a premium of 110 points in early trade, GIFT Nifty eroded gains to trade at a discount of 4.50 points at 21,942.50.
Read More
After Tuesday’s bloodbath that eroded nearly 30 lakh crore of market capitalisation of BSE listed companies, all eyes will be on markets to see if the trends continue or not. On Tuesday, Sensex and NSE witnessed the biggest single-day fall in four years as the markets had factored in at least 290-300 seats for the incumbent party. India VIX, popularly known as Volatility Index, breached the 30 mark after gains of nearly 30 per cent in the last session.
In line with expectations, PSU selloffs resumed on the second consecutive day as investors find refuge in consumption stocks in order to turn their portfolio immune to volatility.
Read less
