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Sensex Jumps Over 500 Points as IT Stocks Lead Gains

Sensex Jumps Over 500 Points as IT Stocks Lead Gains
Sensex Rises 512 Points, Nifty Opens Above 23,900; IT Stocks Lead Gains, VIX Falls · news18.com

Indian stock markets started Friday higher.

The Sensex climbed by more than 500 points.

The Nifty also moved above 23,900.

Technology companies were among the biggest winners.

A measure called India VIX fell, suggesting investors were somewhat less worried about sudden market swings.

Some sectors, including auto and consumer goods, went down.

Strong tax collections, car sales and lending growth are helping support the economy.

Private investment also rose sharply in the first quarter of the financial year.

However, higher interest rates and bond yields around the world could make investors cautious and keep markets unpredictable.

Key facts

Sensex
76,664.98, up 512.12 points or 0.67% at 9:20 am.
Nifty
23,926.60, up 53.15 points or 0.22%.
India VIX
10.99, down 3.10%.
Top sector
The Nifty IT index gained 1.10%.
Broader markets
The Nifty Smallcap 100 and Nifty Microcap 250 each rose 0.45%.
Declining sectors
Consumer durables, auto and FMCG indices traded lower.
Global yield risks
The US 10-year yield was around 4.8%, Japan's 10-year yield around 3%, and India's 10-year yield close to 7%.

Sources

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