Nifty closes at 17,200; Adani Ports, Bajaj Auto, and Hero MotoCorp emerge as top gainers

India VIX crashed by nearly 10 per cent. 

Market update at 3.30 PM: Indices remained firm throughout the day. Nifty surged about 1.46 per cent and closed at 17,200. Sensex gained around 776 points while Nifty Midcap and Nifty Smallcap rose by 1.61 per cent & 1.24 per cent, respectively.    

Adani Ports, Bajaj Auto, and Hero MotoCorp emerged as the top gainers while ONGC, Apollo Hospitals & Axis Bank were weak today.   

All the sectors closed in green. The realty, auto, and energy stocks dominated the other indices and closed higher. With such positivity, India VIX crashed by nearly 10 per cent.  

Nifty has formed a strong bullish candle on the technical chart and is just inches away from its 200-DMA.   

Market update at 12.15 PM: Indices continue to trade higher while Nifty is currently trading at the 17,150-level. Sensex has gained about 600 points while Nifty Midcap and Nifty Smallcap have risen by 1.50 per cent & 1.30 per cent, respectively.   

All the sectors are in green while auto, realty, and FMCG continue to dominate.  

Among Nifty stocks, M&M, Hero MotoCorp, and Bajaj Auto are the top gainers while ONGC, Apollo Hospitals & Hindalco are weak today.  

India VIX has crashed about 9 per cent and the sentiment is positive for the day.

Market update at 9.40 AM: Indices have opened higher amid good global cues. Nifty is currently higher by 1.25 per cent and trades near 17,170. Meanwhile, Sensex has gained over 700 points and the mid-cap, as well as small-cap indices, are also higher by over a per cent each. 

All the sectors are in green while the auto, realty, and FMCG sectors emerged as the top contributors in supporting the market. 

With this, India VIX crashed by over 7 per cent. 

Pre-market update: Last night, the US markets closed higher and NASDAQ surged 1.29 per cent while Dow Jones gained about 238 points. With this, most of the Asian markets have opened higher and SGX Nifty indicates a gap-up opening of about 100 points for Nifty.
 In the US markets, the focus was on the Twitter-Elon Musk deal. The Tesla Founder has acquired Twitter for a whopping USD 44 billion. Following this, the shares of Twitter zoomed nearly 6 per cent.
 LIC IPO is likely to open on May 4 and close on May 9.

Crude oil continues to give around USD 103 per barrel.

Bajaj Finance and HDFC Life are set to declare results today, and thus, these would be in the limelight today. 

In the last trading session, the FIIs have sold to the tune of Rs 3,302 crore while the DIIs bought to the tune of Rs 1,870 crore.

Nifty is likely to open above the 17,000-level as this shall act as good support for the index.