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Exit Polls 2024: Market volatility fizzles out as India VIX plunges 22%

Exit Polls 2024: Market volatility fizzles out as India VIX plunges 22%

Sensex hit the record high of 76,738 and Nifty touched an all time high of 23,338 in early deals. Market cap of BSE listed firm’s rose by Rs 11.59 lakh crore to Rs 423.71 lakh crore.

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The crash in market volatility came after exit polls said the PM Narendra Modi-led NDA was set to form government for the third time. The index stood near 24 level on May 31, a day ahead of the exit polls.The crash in market volatility came after exit polls said the PM Narendra Modi-led NDA was set to form government for the third time. The index stood near 24 level on May 31, a day ahead of the exit polls.
Aseem Thapliyal
  • Jun 3, 2024,
  • Updated Jun 3, 2024 10:45 AM IST

The pre-results and exit polls rally has ended all volatility in the market. India VIX, the volatility index, of the Indian stock market plunged 22.31% to 19.11 in early deals. The crash in market volatility came after exit polls said the PM Narendra Modi-led NDA was set to form government for the third time. The index stood near 24 level on May 31, a day ahead of the exit polls.

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Sensex hit the record high of 76,738 and Nifty touched an all time high of 23,338 in early deals. Market cap of BSE listed firm’s rose by Rs 11.59 lakh crore to Rs 423.71 lakh crore compared with a valuation of Rs 412.12 lakh crore recorded in the previous session on May 31. All Sensex stocks were trading in the green. PowerGrid, NTPC, L&T, SBI, Ultratech Cement, M&M led the gains on Sensex, rising up to 8.49 % in early deals.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

The pre-results and exit polls rally has ended all volatility in the market. India VIX, the volatility index, of the Indian stock market plunged 22.31% to 19.11 in early deals. The crash in market volatility came after exit polls said the PM Narendra Modi-led NDA was set to form government for the third time. The index stood near 24 level on May 31, a day ahead of the exit polls.

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Sensex hit the record high of 76,738 and Nifty touched an all time high of 23,338 in early deals. Market cap of BSE listed firm’s rose by Rs 11.59 lakh crore to Rs 423.71 lakh crore compared with a valuation of Rs 412.12 lakh crore recorded in the previous session on May 31. All Sensex stocks were trading in the green. PowerGrid, NTPC, L&T, SBI, Ultratech Cement, M&M led the gains on Sensex, rising up to 8.49 % in early deals.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

ABOUT THE AUTHOR

Aseem Thapliyal

A journalist with over 12 years' experience, who tracks trends in the share market and writes stock market stories. An active follower of Sensex and Nifty, I capture stocks in news and analysis by share market experts and brokerages on their outlook and price targets. I cover company news/earnings leading to a rally or crash in particular stocks or stock market indices. Also track impact of global stock markets on their Indian peers. I have worked with Live Mint and NDTV Profit in previous stints. My hobbies are exploring new places, travelling, watching movies, spending time with friends and family, watching web series, playing cricket and football. I have completed graduation from Delhi University along with a PG Diploma in journalism from IIMC. I can be reached easily via social media platforms.

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