Wednesday 13 May 2015

Sensex, Nifty volatile; metal, oil & gas stocks slip

The volatility index has jumped over 2 percent. The CNX Realty index is top loser, whereas the CNX PSU Bank index is top gainer. 

The market has erased most of its earlier gains and is now trading on a flat note with positive bias amid some volatility in late morning deals.

The BSE Sensex has plunged 550 points from day's high to a low at 26,750 and is now up 38 points at 26,915.

Similarly, the NSE Nifty has tumbled 165 points from day's high to touch a low at 8,090. Now, the Nifty is up mere seven points at 8,134.

The broader market has pared most of its earlier gains and is now trading on a flat note. The CNX Midcap index has added 0.5 percent, while the CNX Smallcap index is up 0.2 percent.

The volatility index - India VIX - has jumped 2.6 percent at 21.07.

Sectorwise, the CNX Realty index is top loser (down 1.2 percent), while the CNX PSU Bank index is top gainer (up 1.2 percent).

The market breadth is positive in the late morning deals. Out of 1,712 stocks have traded on the NSE - 840 stocks have advanced, while 548 stocks have declined.

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