Market News
2 min read | Updated on April 02, 2024, 17:55 IST
SUMMARY
The volatility index (India VIX) has fallen 9% ahead of the weekly expiry of BANK NIFTY and NIFTY50 options contracts, traders are advised to remain wary of sharp spikes that may occur due to intraday volatility.
NIFTY50 halts, volatility falls, oil heats up: Markets eye RBI policy
Markets took a breather and ended the range bound session flat amid profit booking in IT and banking stocks ahead of RBI's monetary policy decision on Friday. The NIFTY50 closed flat at 22,453, while the sensex slipped 0.1% to 73,903.
On the daily chart, the NIFTY50 has once again formed a doji candlestick pattern, indicating ongoing indecision or a breather near the all-time high. Meanwhile, Brent Crude prices have climbed $88 a barrel for the first time since October, adding another layer of uncertainty ahead of the RBI’s policy decision on Friday.
While the volatility index (India VIX) has fallen 9% in the last two trading sessions ahead of the weekly expiry of BANK NIFTY and NIFTY50 options contracts, traders are advised to remain wary of sharp spikes that may occur due to intraday volatility.
☀️Shares of air conditioners and air coolers were in focus after IMD predicted a harsh summer for the April to June period. Shares of Voltas and Havells gained 3% and 2% respectively.
👕Aditya Birla Fashion and Retail (ABFRL) jumped 12% after announcing plans to separate its Madura Fashion business, aiming to create two focused entities.
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