Mumbai: 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.
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. (IANS)
