May 25, 2024

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Passion For Business

MARKET LIVE: Indices hold gains, Sensex up 250 points; India VIX dips 4%

The Indian markets rose around half a per cent on Friday, mirroring the organization development in their Asian friends, whilst volatility index, India VIX, dipped 4 per cent to under twenty amounts.

The S&P BSE Sensex jumped 277 points, or .seventy two per cent, to 38,500 amounts, and the Nifty50 index hovered around the 11,four hundred-mark. PowerGrid (up 3%), NTPC and SBI (both equally up two%) had been the leading Sensex gainers.

Among the other particular person shares, GMM Pfaudler surged around eight per cent in early promotions after it stated it has obtained a fifty four per cent stake in its father or mother organization Pfaudler Group for a thought of around $27.4 million.

The development among Nifty sectoral indices was positive, led by Nifty PSU Bank index, up one.6 per cent.

Meanwhile, the broader markets retained up their outperformance, with the S&P BSE MidCap and SmallCap indexes both equally buying and selling around one per cent bigger.

Outcomes these days


On the company final results front, a whole of 51 corporations like PNB, Indiabulls Housing Finance, and Union Bank of India, are scheduled to announce their June quarter final results these days.