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Sensex Today: India's benchmark indices fell for the second straight session dragged by IT and financial stocks tracking a downfall in the global markets.Nifty IT was the biggest sectoral loser, sliding 2%. While Nifty Metal fell over 1%. Market View"Market has turned highly volatile with profit booking triggered by high valuations. Even DIIs who have been consistent buyers are booking profits. Buying on dips also is happening simultaneously. These twin moves of profit booking and dip buying will keep the market highly volatile in the near-term," said V K Vijayakumar, Chief Investm...

Sensex Today: Indian equity markets traded in the red for the second straight session dragged by losses in the banking and IT stocks tracking negative cues from Asian peers.Market view"Declining dollar and US bond yields provide a favourable global context for equities. FII inflows in 2024 are likely to be huge and have the potential to lift high quality large-caps, particularly in segments like banking where valuations are fair," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services."An important trend to watch is the spike in the volatility index VIX t...

Indian stock markets tarded on a lackluster note on Tuesday. Senex was held down as index heavyweights TCS and HDFC Bank traded with cuts. Nifty IT and media lost over 1% each. Also, all broader market indices were trading in the red.Market View"The market is likely to move into a consolidation phase as the Christmas holidays and the New Year approach. A period of consolidation after the sharp run up of the last two weeks is also desirable since it will make the market healthy," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services."Instead of rushing to...