Sensex gains over 250 points to reclaim Mount 50K: Key factors driving the market
SECTIONS
Share
Synopsis
A sharp spike in the volatility index VIX indicates a high level of uncertainty, and expectations of high ups and downs going forward.
The S&P BSE Sensex index rose 262.63 points to touch 50,014.04 at the highest level recorded in early deals.
Related
NEW DELHI: Reliance Industries along with bank and financial stocks saw some buying that pushed benchmark indices higher in the morning trade on Wednesday after the US Federal Reserve reiterated its pledge to support the world s largest economy.
A sharp spike in the volatility index VIX indicates a high level of uncertainty, and expectations of high ups and downs going forward. FIIs turning sellers is negative for the market, however, DIIs have turned buyers, partly compensating for the FII selling.