Stock market today: Sensex, Nifty 50 rise for 2nd consecutive session; India VIX hits fresh 52-week high

The market benchmark Nifty 50 opened 27 points lower at 22,027.95 compared to its previous close of 22,055.20 and extended losses to as much as 234 points, or over 1 per cent, reaching the intraday low of 21,821.05.

However, the index saw gains in the final hour of trade which erased all losses of the day, lifting it by 76 points. Consequently, the index closed with a gain of 49 points, or 0.22 per cent, at 22,104.05.

Some 29 stocks ended in the green in the index, with shares of Cipla, Asian Paints and HDFC Life as the top gainers. On the flip side, shares of Tata Motors, BPCL and Shriram Finance ended as the top losers in the index.

The 30-share pack Sensex closed the day 112 points, or 0.15 per cent, higher at 72,776.13, with shares of banking heavyweights HDFC Bank and ICIC Bank as the top contributors to its gains. 

Nifty Midcap 100 index rose 0.41 per cent but the Nifty Smallcap 100 index suffered a loss of 0.43 per cent.

Volatility index India VIX ended 11.5 per cent higher at 20.60. 

Among the sectoral indices, Nifty Auto (down 1.7 per cent) and Nifty PSU Bank (down 1.2 per cent) lost significantly, while Nifty Pharma (up 1.77 per cent), Healthcare (up 1.58 per cent), Metal (up 1.31 per cent) and Realty (up 1.23 per cent) clocked gains of over a per cent each.

Nifty Bank rose 0.70 per cent, driven by gains in the private bank stocks. The Nifty Private Bank index clocked a gain of 0.86 per cent.

(More to come)

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Published: 13 May 2024, 03:30 PM IST