Angel One shares were the top gainer in the pack of capital market stocks, rising over 8.5 percent to close at a six-month high level of Rs 2,788 apiece
Capital market stocks strongly surged on May 16, as Nifty sustained over the psychological mark of 25,000 despite facing volatility during the day, which boosted investor confidence in stock markets. The sharp rise in the stocks pushed the Nifty Capital Markets index higher over 2.5 percent to close at 4,055.
Stock markets had seen a significant rally in afternoon trade on May 15, with benchmark indices Sensex and Nifty surging to significant highs. Nifty crossed the 25,000-mark for the first time since October 17, 2024, snapping a 141-session wait and marking a fresh seven-month high.
The benchmarks however saw choppy trade today, with the indices ending the session with marginal losses. Sensex closed over 200 points lower at 82,330. Nifty was down 0.17 percent to end the session at 25,019.80, sustaining the crucial 25,000-level.
Notably, the boost in investor confidence was evident from the drop in India VIX, which measures volatility in the capital markets. India VIX fell over 2 percent to 16.55.
Angel One shares were the top gainer in the pack of capital market stocks, rising over 8.5 percent to close at a six-month high level of Rs 2,788 apiece. The stock has now extended gains for the fifth consecutive session this week.