India VIX up 2% as Nifty rebounds, US markets mixed
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- India VIX ended at 25.52, up 2.03% from the previous close, indicating heightened volatility.
- Nifty moved above its 21‑day EMA on the hourly chart after a sharp rebound, with analysts eyeing a near‑term target of 23,300 and support at 22,500.
- US stocks ended slightly mixed on Thursday, with the Dow down 0.13% to 46,504.67, the S&P 500 up 0.11% to 6,582.69, and the Nasdaq up 0.18% to 21,879.18, after Middle‑East diplomatic signals calmed markets.
- Pan-European STOXX 600 trimmed losses to 0.2% at 596.63 after earlier falling as much as 1.6%, helped by hopes of reopening the Strait of Hormuz despite Trump’s Iran stance.
- Nilesh Jain warned that the market has been weak for six weeks, with Nifty below 22,800 and volatility elevated; a break above 23,500 is needed to open a path toward 24,000.
- Most active stocks (value) on the BSE included Eternal (Rs 329 crore), Prestige Estates Projects (Rs 260 crore), Reliance Industries (Rs 138 crore), and ICICI Bank (Rs 243 crore).
- Sentiment meter favours bulls, with heavyweights HDFC Bank, HCL Technologies, and Infosys supporting the market and 2,649 of 4,387 stocks advancing.
Why it matters: The uptick in the India VIX and Nifty’s tentative bounce signal a volatility‑driven environment where short‑term traders can capitalize on swing moves, while risk‑averse investors face heightened exposure; a decisive break above 23,500 would unlock a rally toward 24,000, reshaping portfolio allocations.
