Metals shine as the Sensex rises around 200 points today and the Nifty stays above 24,600 in volatile trading.

The strong recovery in IT and metal sectors that improved market sentiment helped benchmark indexes Nifty and Sensex close the day on May 14 with strong gains. 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.