Strong global market cues provided a major impetus to the market as the Sensex surged more than 1,000 points in intra-day trades on all-round buying support. India Vix also descended from 20 levels to 15 during the week, which signals an easing in the cautiousness in the market and improvement in sentiments. The second half … Read more
Post a dramatic wave of volatility, India VIX has now cooled off and the investors have readjusted to all the sentiments that were out during the last two weeks. The 50 component index Nifty50, ended the week by closing near its upward-moving channel. The index closed at 23,465, after making a new all-time high on … Read more
Indian market is expected to trade volatile amid election results. The Nifty future closed positive with gains of 3.30% at 23450 levels on Monday. India VIX crashed and was down by 14.87% from 24.60 to 20.94 levels. On the options front, the weekly maximum Call OI is placed at 24000 and then towards 23500 strikes … Read more
“We have seen a profit booking decline in last four-five trading session and supports are slightly shifting lower. However, we are at 23-24 VIX, so wild swing of 200-300 points intraday cannot be ruled out,” says Chandan Taparia, Motilal Oswal.What is the positioning right now? From last hour of trade yesterday, which saw panic, we … Read more
Mumbai: India’s benchmark indices made fresh highs on Monday but gave up early gains as the sentiment remained edgy in the run-up to the election results on June 4. The Sensex crossed 76,000 and the Nifty crossed 23,100 for the first time but failed to close above these levels. Nifty ended at 22,932.4, down 24.6 … Read more
Ever since voting for Lok Sabha elections began on April 19, foreign institutional investors (FIIs) have sold Indian stocks worth around Rs 37,700 crore, translating into an average daily sell-off of Rs 1,800 crore in the last 21 trading sessions. Reflecting the increased nervousness on Dalal Street on the probable outcome of Lok Sabha election, … Read more
Rajiv Batra, Head of Asia Pacific ex JP/CN, Equity Strategy and Head of India & Southeast Asia Equity Strategy, JPMorgan, says if one assumes policy continuity as the present dispensation is expected to come back to power, then one should keep positioned in a barbell manner. Invest in some safe and secured sectors like healthcare … Read more
PSU bank stocks were the worst performers this week led by selling seen in PNB, IOB, Union Bank, Canara Bank and Bank of India. “As 83% of PSU Bank index stocks are nearing the oversold region, SBI is witnessing strong pullback and Nifty PSU Bank Index bouncing off the rising trendline support of 7003, we … Read more
Mumbai: India’s Volatility Index, or VIX, a fear gauge of the stock market, surged to a 14-month high fuelled by growing expectations of sharp swings in equities in the run-up to the outcome of the general elections early in June. The index, which gained 2.7% on Tuesday to close at 17.05, has gained over 35% … Read more
After touching a fresh peak, Nifty ended last week marginally higher as earnings, Fed meeting and election-related speculations kept investors busy. While most sectors are contributing positively except for IT, banking performance is likely to heavily influence market sentiment, analysts say. “The rising VIX is indicative of potential volatility. Market can turn highly volatile in … Read more
