Market hits new life high; Nifty settles above 26,200; VIX tumbles 7.12%

As per provisional closing data, the barometer index, the S&P BSE Sensex gained 666.25 points or 0.78% to 85,836.12. The Nifty 50 index advanced 211.90 points or 0.81% to 26,216.05.