New Delhi, May 22 (IANS) India women's ODI team captain Mithali Raj on Wednesday said India are favourites to lift the ICC Men's Cricket World Cup as ...Read more
By Rohit Mundayur
New Delhi, May 22 (IANS) It is safe to say that India has never produced a tennis player quite like Vijay Amritraj. Over two deca...Read more
Dubai, May 22 (IANS) Bangladesh all-rounder Shakib Al Hasan has ascended to the top of the ICC ODI Rankings for all-rounders, ahead of the World Cup ...Read more
Melbourne, May 22 (IANS) Australia's Adam Zampa has heaped praise on Rashid Khan, saying the Afghanistan leg-spinner is a "once-in-a-lifetime" bowler....Read more
New Delhi, May 22 (IANS) The JK Tyre National Karting Championship in its rejigged avatar promises to take the country by storm in the new season, as ...Read more
Melbourne, May 22 (IANS) Big Bash League (BBL) franchise Melbourne Stars on Wednesday appointed former Australian batsman David Hussey as their men's ...Read more
Southampton, May 22 (IANS) Heading into his fifth World Cup, veteran West Indies opener Chris Gayle feels the bowlers know very well what he is capabl...Read more
New Delhi, May 22 (IANS) The yorker is a key death delivery in short-form cricket and at the World Cup, on flat pitches in England and Wales ...Read more
London, May 22 (IANS) James Anderson and Stuart Broad are perhaps one of the most destructive bowling pairs in modern times. The duo have taken more t...Read more
Mumbai, May 22 (IANS) The benchmark Sensex managed to close 140 points higher on Wednesday amid record volatility as fresh nervousness gripped the market ahead of the general election results.
The India VIX or the fear gauge shot up to 30.18, a four year high level as the euphoria around the exit polls seemed dying down.
Index gains came on the back of banking and financial stocks, while IT, FMCG and Nifty media index ended lower.
The BSE Sensex ended 140.41 points or 0.36 per cent higher at 39,110.21. The markets shuttled over 345 points between the high of 39,249.08 and a low of 38,903.87. The broader Nifty ended at 11,737.90, up 28.80 points or 0.25 per cent.
"Volatility index shot to four year high just ahead the big event. Valuation is expensive depicting the risk of the market to handle such event risk, long-term investors can stay cautious," said Vinod Nair, Head of Research, Geojit Financial Services.
"Actual outcome in-line with the exit poll will be a relief to the market in the short-term. Formation of a government with strong mandate will support the undercurrent by foreign inflows."
Dewan Housing Finance (DHFL) scrips tanked over 17 per cent on the BSE but ended 9.43 per cent lower after the company said it would neither accept new deposits nor allow premature withdrawals.
The beleaguered Jet Airways gained over 5.17 per cent, the top gainers on the Sensex were IndusInd Bank, Sun Pharma and Tata Motors (DVR).
Among the losers were Yes Bank, ITC, TCS, and Power Grid which fell in the 1 to 3 per cent range.