The VIX unexpectedly plunged nearly 20% on Tuesday, as strengthening expectations of the BJP-led NDA winning by a wide margin in the upcoming general elections further boosted risk-on sentiment in the market. Analysts said an imminent change in the lot size of Nifty derivative contracts from Friday could have also contributed to Tuesday's drop in the VIX - the third-largest fall in a day.
Open Flip📊 Amid positive global cues, benchmark indices started on a positive note today. 📢 At 9:16 AM, the Sensex gained 226.21 points or 0.31% at 73,964.66. Nifty is higher by 54.15 points or 0.24% at 22,422.15. 📈 ACC (⬆️1.92%), Chambal Fertilisers (⬆️1.47%) and DLF (⬆️1.42%) appeared as the top performers on the Nifty50 at the open. Cipla, Airtel stocks are in focus today.
Open FlipShares of telecom companies surged on Tuesday with the likes of Bharti Airtel and Tejas Networks hitting lifetime high levels. Vodafone Idea also jumped nearly 12% as a successful secondary share sale by the cash-strapped telco raised hopes of its revival. Tejas Networks was the top gainer, registering robust gains for the second session following strong earnings.
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