India VIX Plummets 8.9% as Markets Consolidate
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- India VIX fell to 18.67, an 8.93% drop from the previous close, indicating reduced market volatility.
- Hariprasad K noted that Indian markets shifted from directional momentum to consolidation after a sharp recovery, with profit booking emerging.
- US markets were little changed early Thursday, with the S&P 500 and Nasdaq having closed at record highs the previous day, while analysts expect a surge if a US‑Iran peace deal is reached.
- European markets saw the pan‑European STOXX 600 rise 0.1% to 618.05 points, and the FTSE 100 and CAC each added 0.4% and 0.1% respectively.
- Tech view highlighted a bullish structure with immediate support at 24,000 and a volatility index near 18, suggesting continued buy‑mode momentum.
- HDFC Bank led value‑based turnover on the BSE with Rs 504 crore.
- Vodafone Idea topped volume‑based turnover with 4.57 crore shares traded.
Why it matters: The sharp VIX decline and profit‑booking pressure indicate that Indian investors are shedding risk, which may curb the rally despite easing geopolitical tensions, while US and European markets remain buoyed by record highs and optimism over a potential US‑Iran peace deal.
