Volatility indicator sank, indicating that nervousness is waning among the traders. Global markets also rallied as concerns over the Delta variant of coronavirus somehow decreased after assurances that all vaccines have some resistance against it.
The 30-share pack Sensex advanced 638.70 points or 1.22 per cent to close at 52,837.21. Its broader peer NSE Nifty climbed 191.95 points or 1.23 per cent to 15,824.05.
Investors grew richer by Rs 2.80 lakh crore as the total market cap of BSE listed companies climbed to Rs 233.82 lakh crore from Rs 231.01 lakh crore.
“Taking cues from firm global markets, the domestic market witnessed robust momentum shrugging off concerns over the spread of Covid-19 and FII selling. Global markets continued to hold onto its gains owing to solid earnings reports and turned its focus on the ongoing European Central Bank’s policy announcement,” said Vinod Nair, Head of Research at Geojit Financial Services.
Market at a glance:
- IDFC soars 12 per cent after RBI nods for its exit from IDFC First Bank
- Bharti Airtel climbs o4 per cent after launching new postpaid plans
- Vodafone Idea rises 3 per cent after govt okays 15K cr FDI
- Bajaj Auto, HUL end in the red after announcing Q1 nos
- India VIX, a barometer of volatility, tanks 11 per cent to slip below 12-level
MORE TO COME…
