Nifty hits fresh all-time high, India VIX jumps to 22 months high

Benchmark indices started Monday’s trading session positively, making new highs amid a significant rise in volatility. The 30-share BSE SENSEX was up by 0.2% above the 75,500 mark, similarly, the NSE NIFTY50 was up by 0.19% and was trading near the 23,000 mark. Furthermore, India VIX has spiked by 5.5% and is trading near to 23 mark, indicating heightened market volatility.

Here is why Indian markets opened upbeat

The Indian benchmark indices opened the session in green amid positive cues from Wall Street as Nasdaq Composite ended at a new record high, driven by a rally in AI stocks. Furthermore, expectations of the current administration's victory in the 2024 general election have led investors to anticipate the continuation of the "Make in India" initiative to attract foreign direct investment (FDI). Another key catalyst which is working in the favor of the Indian market is crude oil prices, crude oil prices are hovering near their lows which were last seen in the month of March.

Stocks in F&O Ban - Stocks that are banned for trading in the F&O segment on May 27, 2024, are Bandhan Bank, Biocon, Gujarat Narmada Valley Fertilizers & Chemicals, Hindustan Copper, Vodafone Idea, India Cements, National Aluminum, Piramal Enterprises and Punjab National Bank.