ey indices rose for a fourth straight session today to close at its highest in more than a month as blue chips such as ITC Ltd rose on heavy buying by foreign investors despite expectations of volatility due to derivatives expiry. Also boosting sentiment was foreign buying of index futures and options on Tuesday, worth 21.51 billion rupees, a rare event one day ahead of the expiry of derivative contracts. Nifty shut shop up by almost 39 points at 6239.
NSE today launched trading of futures tied to its VIX volatility index .NIFVIX, known as the "fear gauge," providing a key hedging tool against uncertainty ahead of general elections and weaker global market sentiment. The market breadth, indicating the overall health of the market, was positive. In Nifty50 stocks the advances to declines stands at 33 to 17.
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