As IT and metal stocks rise, the Sensex is up 180 points, the Nifty is above 24,650, banks are dragging, and the India VIX is down 5%.

On May 14, the benchmark indexes Nifty and Sensex concluded the day with strong gains, driven by a strong recovery in metal and IT sectors that improved market confidence. Profit-taking in FMCG and financial names, however, dampened the surge. The bullish sentiment was further enhanced by the fact that April CPI inflation dropped to a 14-month low of 3.16 percent, creating space for future rate reductions. As market worries subsided, the India VIX fell more than 5% to go below 18.

The Nifty was up 88.55 points, or 0.36 percent, at 24,666.90 at the closing, while the Sensex was up 182.34 points, or 0.22 percent, at 81,330.56. Approximately 134 shares were constant, 1085 shares fell, and 2749 shares increased.