Market posted strong gains, most of Adani Group stocks recover
At close, the Sensex was up 1,961.32 points or 2.54% at 79,117.11, and the Nifty was up 557.35 points or 2.39% at 23,907.25.
Investor panic over the country’s lower than expected GDP growth figure of 5 per cent in the first quarter ending June, released last week, led the key market indices to decline by over 2 per cent on Tuesday.
Consequently, India ‘VIX’, or the volatility index- the market expectation of volatility over the near-term – closed sharply higher. The VIX closed on Tuesday at 18.60, after it had surged nearly 12 per cent in a single session.
The benchmark Sensex closed 769.88 points, or 2.06 per cent, lower at 36,562.91.
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It opened at 37,181.76, as against its Friday close of 37,332.79.
The broader Nifty closed 247.40 points, or 2.24 per cent, lower at 10,775.85.
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