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India VIX, also known as the fear gauge, surged nearly 14 percent to 13.6. India VIX has gained more than 60 percent in the past 8 sessions
US trade higher as the hopes for the rate cuts were revived. The European and Asian indices also traded higher on strong global cues. Crude moves up.
In an expensive market, hidden opportunities exist despite high valuations. Asset management companies offer potential post sector rerating. Discounted prospects like UTI and ABSL present favorable entry points for investors eyeing long-term growth.
On Friday, the 30-share BSE Sensex dropped 732.96 points or 0.98 per cent to settle at 73,878.15 after soaring 484.07 points. From its intra-day high of 75,095.18, the benchmark tanked 1,627.45 points to the day's low of 73,467.73.
Nifty ended higher last week with banking sector influence. Positive sectors, except IT. Rising VIX hints at volatility. FPI flows, US bond yields, Indian economy critical. Technical analysis, IPO calendar impact sentiment.