Sensex, Nifty gain in intraday trade amid high volatility

Stock market recovered from the blood bath it suffered on Tuesday amid the unexpected poll verdict. During the intraday trading the benchmark indices Sensex and Nifty were both up over 2% each.

At 11.30 am, Sensex zoomed 1,500 points trading 1,636 points or 2.27% higher at 73,715.19 points while Nifty was up 521.40 points or 2.38% trading at 22,405.90 points.

Share market on the rise

Meanwhile the Volatility Gauge fell nearly 30% intraday as the benchmark indices rise. During the intraday trading three nifty stocks including Britannia industries, Hero Motocorp and M&M hit their lifetime highs.

While the Nifty FMCG stocks continued to rise, the Nifty Defence stocks extended losses. Hero Motocorp, HUL, M&M, Tata Cons and Asian Paints were the top gainers during the Intraday trading. On the sectoral front, buying is seen in the auto, FMCG, pharma and IT, while selling is seen in the bank, capital goods, realty, power and oil & gas.

The NSE Nifty 50 opened 153.15 points or 0.70% higher at 22,037.65, while the BSE Sensex opened 489.14 points or 0.68% higher at 72,568.19 on Wednesday.

Also watch: Share market opens slightly higher a day after general election results