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If you tend to catch a cold at the mention of heightened volatility, you are not alone. In fact, in academic theory, volatility is accepted as a proxy for risk. Experts insist that volatility should not be confused with risk. Volatility is just noise. Know how to use stock market volatility to earn better returns in the future
Spurred by the stock market rally in the past two years, many investors have poured money into equities without adequately considering the risks involved. Many of them are new investors who have not been through a bear phase and do not have the temperament to withstand losses. They are investing after being bitten by the FOMO bug or swayed by finfluencers on social media. If you have taken too much risks, here is why you need to remain cautious.
Given these banks' high weightage on the index, Axis Bank and ICICI Bank were among the biggest drags. Bajaj Finance, too, was among the top drags, down 1.4 percent despite robust Q2 update
Broader markets also came under pressure as BSE mid-cap and small-cap indices turned into the red. Weakness in global equities markets on fears of higher interest rates and surging crude prices weighed on domestic investor sentiments. India VIX, fear index, spiked 11 per cent to 12.86-level.
The 30-stock index tanked 1,569 points intraday to 52,734 against the previous close of 54,303. Nifty fell up to 452 points to 15,749 against Friday's close of 16,201.