E-Paper
Nifty drops nearly 1%, India VIX jumps 12%: Why is Indian stock market volatile today
Stock market today: Volatility index India VIX dropped 12 per cent to the level of 15 which showed nervousness in the market.
Stock market today: Nifty 50 and Sensex failed to hold early trade gains today (May 3) amid profit booking across sectors. At opening, Nifty 50 was 118 points higher at 22,766.35 against its previous close of 22,648.20. It rose about 0.65 per cent to 22,794.70 but later erased all gains, dropping 0.90 per cent to 22,454.80.
Read more: Ajanta Pharma share price soars over 13.5% to new all-time high
Meanwhile, Sensex opened 407 points higher at 75,017.82 against its previous close of 74,611.11. It extended gains to 484 points, or 0.65 per cent, to 75,095.18 but soon fell over a per cent to 73,831.42.
The Indian stock market has experienced notable volatility as over the past five sessions, Nifty has been rising and falling alternatively.
Read more: ChatGPT outage: OpenAI's ChatGPT down for users across web and smartphone app
Additionally, BSE Midcap index was down 0.48 per cent while the Smallcap index was down 0.81 per cent at that time.
Read more: Coforge share price falls 10% after Q4 results, brokerages cut target prices: Details
Volatility index India VIX dropped 12 per cent to the level of 15 which showed nervousness in the market.
What about sectoral trends?
All sectoral indices were in the red while Nifty IT, Nifty PSU Bank, and Nifty Media were the worst-hit sectoral indices as they fell more than 1 percent each. Nifty Pharma and Nifty Healthcare saw the least losses.
Key Nifty gainers today
Key Nifty gainers included Coal India, Bajaj Finance, ONGC, Bajaj Finserv.
Key Nifty losers today
Key Nifty losers today included Nestle, L&T, Bharti Airtel, Maruti Suzuki.
Key Sensex gainers today
Bajaj Finance, Bajaj Finserv, ICICI Bank, Tata Steel were the top Sensex gainers today.
Key Sensex losers today
Bharti Airtel, Nestle, L&T, Maruti Suzuki were the major Sensex losers today.
