|
|
|
Sensex up 980 pts, VIX drops by 17%
|
|
SME Times News Bureau | 20 May, 2019
Indian equity indices opened on a
firm note on Monday after most exit polls showed a BJP-led NDA getting a
comfortable majority in the now concluded general elections.
Markets
favour a stable government and until Sunday owing to uncertainty over
the general elections, trading was marked by heavy volatility.
On
Monday, the Indian VIX or the volatility index saw a sharp drop of over
17.55 per cent. The index came down to 23.14 from the 28-29 levels as
investors cheered the exit polls.
The Sensex advanced over 980 points during the early trade hitting an intra-day high of 38,909.79.
"Post
the Exit Polls we can expect Nifty to again test its recent high before
May 23. Fresh breakout into the 12,000 to 12,500 zone would depend on
whether the BJP gets majority on its own," said Rusmik Oza, Head of
Fundamental Research, Kotak Securities.
At 10.30 a.m., the Nifty
was trading at 11,679.15, up 272 points or 2.38 per cent. It opened at
11,651.90 from its previous close of 11,407.15.
"If exit polls come true on May 23, then we can expect a structural up move in the mid and small cap space," Oza added.
The BSE Sensex was trading 926.87 points or 2.44 per cent higher.
The benchmark Sensex opened at 38,701.18 from its previous close of 37,930.77.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|