May 13th Brings in Gains: D-Street Opens in Green After 5 Days, VIX Falls 5%

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May 13th Brings in Gains: D-Street Opens in Green After 5 Days, VIX Falls 5%

By Malvika Gurung

Investing.com -- Indian equity benchmark indices made a positive opening on May 13, rebounding after witnessing erratic selling for 5 straight days. 

Following positive cues from Asian markets and an overnight mixed close on Wall Street, Dalal Street opened higher on Friday, with Nifty50 and Sensex up 1.04% and 0.91%, respectively.

At 10:24 am, the two headline indices were trading 0.93% and 0.8% higher, even though investor sentiment remained weak as the domestic CPI inflation in April jumped 84 basis points to 7.79%, galloping to an 8-year high, exceeding the already highly-set analysts’ target.

The market volatility barometer India VIX declined 4.74% to 23.11 levels.

At the time of writing, all sectoral indices under the Nifty basket were trading in the green, led by auto stocks as Nifty Auto surged 2.82%, thanks to an 8.3% jump in Tata Motors’ stock. Nifty Bank gained 0.56%.

"These are not easy markets to trade. One should be very careful and focus more on risk management rather than chasing profits," stated Yes Securities.

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  • Mahesh Naik @Mahesh Naik
    after 12.30 going to red zone
    Like 1
  • Mahesh Naik @Mahesh Naik
    after 12.30 going to red zone
    Like 0
  • Mahesh Naik @Mahesh Naik
    after 12.30 going to red zone
    Like 0

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