The BSE benchmark index, the Sensex, opened with a positive gap of 174 points at 25,916, and soon bounced back above the 26,000-mark to touch a high of 26,125. Things turned volatile again as a meltdown on in China and Japanese market casted its shadow on our markets.
The buying, thereafter, spread to the broader market as the European bourses started the day on a bullish note. The Sensex consolidated its gains in the second half of the trading session and finally settled 291 points higher at 26,032.
The NSE Nifty swung in a wide range of 258 points. The index from a high of 7,925, tumbled to a low of 7,667, and eventually ended with a gain of 72 points at 7,881.
The India VIX (Volatility) index soared to a 15-month high at 35.57, but cooled-off considerably and ultimately ended 4.5 percent lower at 26.8475.