Thursday, April 25, 2024

Sensex Today: Stock market’s volatility index surges


Share post:


Shillong, December 28: VIX is now much above when Nifty plunged to sub 19000 levels in late October, warning that the volatility expectations are significantly higher now said Anand James, Chief Market Strategist at Geojit Financial Services.

“While outlining the possible outcomes of this week, we had provided for reasonable upsides, but had underestimated the strength of the underlying uptrend, which would breach our objective of 21540 and push much further up. This opens up potential for 21860. However, we note with concern, the rise in VIX that has uncharacteristically accompanied yesterday’s rise in Nifty,” James said.

V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said the rally looks set to continue supported by the leading banks which are witnessing institutional accumulation.

He said that the strong cues from the mother market US, steadily declining US bond yields and the dollar index below 101 augur well for the continuation of the rally.

He said that it is important to note that high quality large caps have taken the leadership in this rally which has taken the Sensex above 72k.

He said that a significant market indicator is the volatility index VIX rising above 15. Investors should take this as an indication of high volatility ahead.

He said that the remaining invested is important in a bull market but chasing the market at high valuations would be highly risky.

He said that the BSE Sensex is up 133 points at 72172 points on Thursday. NTPC is up more than 2 per cent. (IANS)


Related articles

Russia warns NATO nuclear facilities in Poland, says, ‘could become military target’

Moscow, April 25: Russian Deputy Foreign Minister Sergei Ryabkov on Thursday warned that NATO nuclear facilities, if permanently...

Treating politician differently from ordinary criminal will violate Constitution: ED tells SC on CM Kejriwal’s plea

New Delhi, April 25: On Delhi Chief Minister Arvind Kejriwal's plea challenging his arrest, the Enforcement Directorate (ED)...

Congress tied hands of our soldiers, we gave them full freedom to retaliate: PM Modi

Bhopal, April 25: Accusing the Congress party of "tying the hands of soldiers" in the past, Prime Minister...

Cong accepted country’s division on basis of religion: PM Modi

Bhopal, April 25:  Prime Minister Narendra Modi continued to sharpen his attack on the Congress on Thursday during...