Volatility barometer India VIX plunged 9.84% to 14.10.
Domestic equity indices witnessed a gap-up start to Thursday's session as the United States and Iran backed away from the brink of further conflict in the Middle East, boosting investor sentiment back home. Most of Asian markets were also trading positive.
Softening crude oil prices also added to the positive mood on Dalal Street as India relies heavily on oil imports.
BSE benchmark Sensex was ⇑ 445.93 pnts at 41,263. Its NSE counterpart Nifty gained 132 pnts and was trading at 12,159. Broader market indices were trading in-line with their headline peers. Nifty Smallcap jumped 1.46 % to 5,968. Nifty Midcap added 1.14% to 17,269.75 and Nifty 500 gained 1.12 % to 9,901.
Volatility barometer India VIX plunged 9.84% to 14.10.
All sectoral indices were trading in the green on NSE. Nifty PSU Bank was the biggest gainer, up 1.84%. Nifty Auto, Nifty Media, Nifty Realty and Nifty Metal were among other gainers.
In the 30-share pack Sensex, IndusInd Bank NSE 2.24 % was the biggest gainer, ⇑ 2.19% at Rs 1490.75. SBINSE 2.05 %, up 2.02 % at Rs 326.30 and ICICI Bank NSE 2.19 %, ⇑ 1.75 % at Rs 535.05, were among other major gainers.
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