Highlights of today's stock market: Sensex and Nifty close 3% higher after falling 6% the day before.

Highlights of the Indian Stock Market: As investors processed the election results, Wednesday, June 5, saw more volatility on the frontline equities indices, the BSE Sensex and NSE Nifty 50. As partners reaffirmed their support for PM Modi's BJP in the forthcoming government formation, the stock market surged higher. Both indices saw a 2% increase, and the surge was also supported by larger markets.

Indexes used as benchmarks Nifty closed 735.85 points, or 3.36 percent higher, at 22,620.35, while Sensex closed 2,303.19 points, or 3.20 percent higher, at 74,382.24. As market investors' political anxiety subsided, the Sensex started 954.88 points, or 1.32 percent, higher at 73,033.90, while the Nifty barely moved, up 243.80 points, or 1.11 percent, to 22128.30. India The Volatility Index, or VIX, crossed the 30-point barrier following