Mid-day Mood | Cooling volatility sparks market rally, India VIX sees steepest fall in 4 years

Key points

• Broader markets outperformed benchmarks, with the BSE Midcap and BSE Smallcap rising up to 0.9 percent The market breadth was in favour of gainers on April 23 afternoon Benchmark Sensex and Nifty indices continued to trade in green on April 23 afternoon, led by gains in realty stocks.
• The rally helped ease market volatility as India VIX, which measures near-term volatility, fell sharply by 19 percent, last seen in May 2019. Around noon, the Sensex was up 263.09 points or 0.36 percent at 73,911.71, and the Nifty was up 83.80 points or 0.38 percent at 22,420.20. The market breadth was in favour of gainers as around 2,155 shares advanced, 1,039 declined, and 82 traded unchanged.
• Meanwhile, broader markets outperformed the benchmarks, with the BSE Midcap and BSE Smallcap rising up to 0.9 percent each.
• Follow our live blog for all the market action Sectoral trend Barring Nifty Pharma, all sectors...