Stories
Market Sees Profit Booking: Sensex-Nifty Dip, VIX Rises 3%
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CNBC Awaaz•21-09-2026, 10:40
Market Sees Profit Booking: Sensex-Nifty Dip, VIX Rises 3%
- •Around 11 AM, sharp profit booking occurred at higher levels in the market, with VIX rising 3%.
- •Indian stock market opened with gains on the first trading day but later saw declines.
- •Power Grid, Infosys, and Bharti Airtel experienced declines.
- •Key reasons for the initial rally included falling Brent crude, FII/DII buying, positive Asian market cues, and US futures rally.
- •Ultratech Cement, Asian Paints, Trent, Titan, and Bajaj Finance saw gains, supporting the market.
Key Questions Answered
The Indian stock market started with gains due to a 2.2% drop in Brent crude prices, positive net buying by institutional investors, and positive opening cues from Asian and US futures markets.
Market volatility may persist because Brent crude remains near $100 per barrel and the US 10-year bond yield stays close to 5%.
Ultratech Cement rose by 3.11%, while additional rallies in Asian Paints, Trent, Titan, and Bajaj Finance helped pull the Sensex and Nifty higher.
