Nifty, Sensex hold steady

Markets claw back losses even as India VIX rose 4% intraday but closed 0.3% higher, indicating limited panic

- Dipti Sharma

The equity markets shrugged off early nerves on Wednesday following India's attack on Pakistani terror camps to end the day's trading session with quiet gains. Despite pre-open indications of a sharp 1% gap-down, the benchmark indices opened only slightly lower and swiftly clawed back losses.

The Nifty 50 eked out a 0.1% gain, closing at 24,414.40 points, while the Sensex edged up 0.1% to settle at 80,746.78, reflecting the market's underlying resilience amid geopolitical headwinds. But India VIX, often called the market's fear gauge, spiked 4% intraday before settling just 0.3% higher—signalling elevated volatility despite the lukewarm market reaction to escalating India-Pakistan conflict.