When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which it was traded throughout the day, with the average being weighted by trading volume.
Around 26 companies, with a market capitalisation of over Rs 2,500 crore, reported atleast 25% year-on-year (YoY) fall in both revenue and profits in the last quarter, and a majority of them were part of the chemicals and pesticides sector.
The 30-share BSE Sensex pack rose 326 points or 0.46 per cent to trade at 71,683, while the NSE Nifty moved 85 points or 0.40 per cent up to trade at 21,602.