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Trading around the crucial resistance zone of 16.50 to 17, a decisive close above this range can trigger a sharp rally in VIX. Above these levels, VIX could test 19.50-20 and 22.75-23 levels on the higher side.
The PMS fund manager projects a nominal GDP growth rate of 10-11% over the next decade, providing a strong foundation for corporate earnings to grow at 13-14% annually
Equity markets on Monday ended flat after opening nearly 0.5 percent higher amid selling seen in PSU stocks. The Sensex was up 17.39 points or 0.02 percent to close at 73,895.54, and the Nifty was down 33.15 points or 0.15 percent to end at 22,442.70. About 1,294 shares advanced, while 2,627 shares declined, and 172 shares were unchanged.
Derivative data suggests a long build in the Britannia Industries, with addition of over 7 percent in open interest in the early morning session.
India VIX is a volatility index based on the Nifty index option prices. From the best bid-ask prices of Nifty Options contracts, a volatility percentage figure is calculated, which reflects the likely stock market volatility over the next 30 calendar days.