Sensex Jumps 361 Pts, Nifty Ends Above 25K; NSE VIX Drops 6%

Tuesday, 10 September 2024, 05:23

Sensex jumps 361 pts as Nifty ends above 25,000. The NSE VIX drops 6%, reflecting a positive market sentiment. Investors are keenly monitoring economic indicators and trends related to inflation.
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Sensex Jumps 361 Pts, Nifty Ends Above 25K; NSE VIX Drops 6%

Market Performance Overview

The Indian stock market saw a positive trend today, with the S&P BSE Sensex rising by 361.75 points or 0.44% to close at 81,921.29.

Nifty's Achievement

The Nifty 50 index similarly gained 104.70 points or 0.42%, closing above 25,041.10. This momentum was supported by significant contributions from sectors such as technology, media, and healthcare.

Sector Highlights

  • Divis Laboratories saw a rise of 5.01% in its share price.
  • TCS increased by 1.21%.
  • Infosys also experienced a 1% gain.

Fueling this surge is investor optimism driven by positive economic indicators and upcoming seasonal demands.

Economic Insights

Notably, the GST Council has reduced the tax rate on cancer drugs from 12% to 5%. This decision aims to lessen the financial burden on patients, marking a significant step in healthcare affordability.

Market Trends

With the NSE's India VIX dropping 6.16% to 13.36, the market reflects lowered expectations of volatility. Investors are closely monitoring the US inflation data and sentiments ahead of crucial federal policy decisions.


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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.


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