Stock market today: Nifty 50 ends higher for 5th consecutive session

The Indian stock market experienced low volatility today as the fear index India VIX dropped 1.5 per cent. Easing election-related jitters made investors focus on stock fundamentals as the medium-to-long-term outlook of the domestic market remains positive.

Nifty 50 ended 69 points, or 0.31 per cent, higher at 22,597.80, while the 30-share pack Sensex shut shop at 74,221.06, up 268 points, or 0.36 per cent.

Stocks, however, witnessed mild gains as concerns over valuation persist. While as many as 33 stocks ended in the green in the Nifty 50 index, only four rose over 2 per cent.

The mid- and small-cap segments underperformed the benchmarks. The Nifty Midcap 100 index rose 0.19 per cent, but the Nifty Smallcap 100 index declined 0.35 per cent.

Weak global cues also capped the gains.

Among the top global peers, Japan’s Nikkei fell 0.85 per cent, while China’s Shanghai Composite Index ended flat. Among the European markets, France’s CAC 40, the UK’s FTSE and Germany’s DAX were down up to half-a-per cent when the Nifty 50 closed.

(More to come

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Published: 22 May 2024, 03:33 PM IST