The Nifty50 surged 1.35 per cent, adding 327 points to hit an intraday high of 24,382.60, while the BSE Sensex gained 1,100 points, or 1.38 per cent, hitting an intraday peak of 79,852.08.
India VIX on June 3: The decline in Indian markets' volatility index came after exit polls, which came in the evening on June 1, 2024, gave a clear majority to the BJP-led NDA alliance
Lok Sabha elections and markets: From a 52-week low of 8.4, India VIX has soared 191 per cent to over 24 levels now. In one month, it has sprinted 124 per cent
Stock market preview Wednesday, April 24: Global cues remain supportive; HUL, Axis Bank results coupled with upcoming monthly F&O expiry may induce market volatility today.
Typically, a high India VIX indicates that the market is expecting increased volatility, whereas a low India VIX suggests anticipation of low volatility