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Сентябрь
2024

Sensex jumps 256 pts, Nifty ends above 26K; NSE VIX drops below 13 mark

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The domestic equity benchmarks concluded a volatile trading session on a positive note on Wednesday, with the benchmark Nifty index closing above the 26,000 level. Despite a weak start, the indices managed to gain momentum throughout the day, reaching a new all-time high. Key sectors that drove the market's uptick included media, realty, and metals. However, PSU banks and consumer durables stocks faced downward pressure. The positive sentiment was bolstered by the Nifty's sustained position above 25,900, indicating strong support from aggressive put writing. Technically, the Nifty's momentum indicator remains positive, suggesting a continuation of the upward trend.