Nifty above 18050. Sensex above 60610. Vodafone Idea down 21%

Vodafone Idea logo-a3e283f9

Indian benchmark indices ended higher on a volatile day. Sensex added 221 points to end at 60616.89, while Nifty 50 gained 52 points to close at 18055.75. 

Metal stocks saw correction. Metal Index fell over 2%. On the other hand, IT stocks rallied. HCL Tech gained 4.31% to become the top gainer on the index. JSW Steel and Tata Steel were the top losers on the index with more than 3% fall in each stock.

Along with IT stocks, power, oil & gas and realty stocks have seen buying. Mid-cap and Small-cap indices closed flat.

Telecom stock Vodafone Idea fell around 21%. It will convert AGR dues into equity. Government to own more than 35%. 

Raghuveer Jandhyala

Editor, Tax Concept. I have written on market, finance, management, and technology.

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