At close, the BSE Sensex was up 375.61 points, or 0.46 per cent, at 81,559.54, while the Nifty 50 was at 24,936, higher by 84.25 points, or 0.34 per cent.
SpiceJet saw a 5% increase after it reached an agreement with Carlyle Aviation Management to restructure aircraft lease obligations totaling approximately $137.6 million.
Granules India’s shares dropped by 3.5% after the U.S. drug regulator completed its investigation at the company’s Hyderabad facility, noting six observations.
Deep Industries, a provider of energy solutions, surged 15% following the receipt of an order valued at 14.02 billion rupees ($167.02 million) from Oil & Natural Gas Corp.
The market is likely to turn volatile in the coming days as indicated by the spurt in CBOE VIX by 12% to 23.50. Two factors are likely to weigh on markets: one, the outcome of the US presidential elections, and two, the Fed’s decision on rate cut. The presidential election is tight now and can go both ways. The market will be concerned about a possible Trump victory and its consequences on policy, particularly on trade tariffs, which markets fear can trigger a trade war, Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Posted By: Riya News Portal
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