Sensex shots up by 600 points as early trends suggest return to power of NDA Government.
The development comes after the benchmark Sensex managed to close 140 points higher on Wednesday amid record volatility as fresh nervousness gripped the market ahead of the general election results.
The India VIX or the fear gauge shot up to 30.18, a four year high level as the euphoria around the exit polls seemed dying down.
Index gains came on the back of banking and financial stocks, while IT, FMCG and Nifty media index ended lower.
The BSE Sensex ended 140.41 points or 0.36 per cent higher at 39,110.21. The markets shuttled over 345 points between the high of 39,249.08 and a low of 38,903.87. The broader Nifty ended at 11,737.90, up 28.80 points or 0.25 per cent.
Live Market updates:
03:00 PM | Sensex falls over 1,300 points from record high of 40,125, Nifty below 11,700
At 2:51 pm, the S&P BSE Sensex was trading at 39,030, down 80 points or 0.21 per cent. The frontline index had surged to a record 40,125 levels in the intra-day trade earlier today. On the other hand, the broader Nifty 50 index was at 11,724, down 14 points or 0.12 per cent.
Benchmark indices at 9:50 AM
Nifty 11,943.95 +206.05 (1.76%)
Sensex 39,849.20 +738.99 (1.89%)