Sensex Jumps 361 Points, Nifty Closes Above 25K as NSE VIX Declines 6%
Market Overview
Sensex jumps 361 points, closing at 81,921.29, while the Nifty ends above 25,000, gaining 104.70 points to settle at 25,041.10 on Monday. Investors are closely observing US inflation data and Fed policy decisions. Domestic optimism, fueled by the upcoming festive season and monsoon demand, is influencing market sentiment favorably.
Sector Performance
- Tech, media, and healthcare sectors drive gains.
- Divis Laboratories up 5.01%, TCS gained 1.21%, Infosys rose 1%.
Broader Market Strength
The S&P BSE Mid-Cap index increased by 0.53% and the S&P BSE Small-Cap index surged 1.53%. A total of 2586 shares rose while 1353 shares fell, showcasing strong market breadth.
NSE VIX and Economic Factors
The NSE VIX, a gauge of market volatility, dropped 6.16% to 13.36, indicating reduced volatility expectations. The GST Council's recent measures also reflect government efforts to ease financial burdens in the healthcare sector and promote economic activity.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.