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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