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Sensex ends 140 pts higher, VIX at 4 yr high
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SME Times News Bureau | 22 May, 2019
The benchmark Sensex managed to close 140 points higher on Wednesday
amid record volatility as fresh nervousness gripped the market ahead of
the general election results.
The India VIX or the fear gauge
shot up to 30.18, a four year high level as the euphoria around the exit
polls seemed dying down.
Index gains came on the back of banking and financial stocks, while IT, FMCG and Nifty media index ended lower.
The
BSE Sensex ended 140.41 points or 0.36 per cent higher at 39,110.21.
The markets shuttled over 345 points between the high of 39,249.08 and a
low of 38,903.87. The broader Nifty ended at 11,737.90, up 28.80 points
or 0.25 per cent.
"Volatility index shot to four year high just
ahead the big event. Valuation is expensive depicting the risk of the
market to handle such event risk, long-term investors can stay
cautious," said Vinod Nair, Head of Research, Geojit Financial Services.
"Actual
outcome in-line with the exit poll will be a relief to the market in
the short-term. Formation of a government with strong mandate will
support the undercurrent by foreign inflows."
Dewan Housing
Finance (DHFL) scrips tanked over 17 per cent on the BSE but ended 9.43
per cent lower after the company said it would neither accept new
deposits nor allow premature withdrawals.
The beleaguered Jet
Airways gained over 5.17 per cent, the top gainers on the Sensex were
IndusInd Bank, Sun Pharma and Tata Motors (DVR).
Among the losers were Yes Bank, ITC, TCS, and Power Grid which fell in the 1 to 3 per cent range.
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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 |
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