SME Times is powered by   
Search News
Just in:   • Distressed Jaypee home buyers seek government's intervention  • CII suggests creation of National Employment Board  • From merger, govt now looks to de-merge 3 PSU insurers then look for strategic sale  • April fiscal deficit at 0.75% of GDP  • Trump delays 10-city raids on illegal immigrants 
Last updated: 22 May, 2019  

BSE.9.Thmb.jpg Sensex ends 140 pts higher, VIX at 4 yr high

   Top Stories
» April fiscal deficit at 0.75% of GDP
» Manufacturing outlook moderates in Q1: FICCI survey
» Printing of Budget commences with Halwa Ceremony
» NSIC signs MoU on eGovernance services benefitting MSMEs
» DPIIT to work with industry for exports promotion: Goyal
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.
Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 24 Jun, 2019
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Can't say
  Commented Stories
» MSMEs can now register delayed payment grievances online(2)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter