Crime Today News
Domestic markets are likely to open sharply lower with the volatility index surging above the 21 mark. As Operation Sindoor continues, analysts expect the market to remain on edge. Gift Nifty at 23,990 signals a gap down opening of about 200 points, nearly 200 points over the day’s low of 23,835.
The Government action suggests there is low possibility of a war. “However, in case of a full-blown war, we must note that since 1950, India has seen four major wars. In the last major conflict (Kargil-1999), the equity markets remained robust after the initial panic,” said Kotak Mutual Fund in a report.
Meanwhile, Asian markets are providing positive global cues, as the US works on individual tariff levels. On Thursday, it signed a deal with the UK. The deal is set to lower tariffs on steel and automobiles and make it easier for the US to export products such as beef and ethanol to the U.K., according to a White House statement.
The options data reveals a cautiously defensive tone. “Call writers have built hefty positions at higher strikes, reflecting a strong supply barrier. On the flip side, put writing has been subdued at upper levels — suggesting bulls are hesitant to chase the rally,” said Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
India VIX jumped 10.22 per cent to close at 21.00, breaching the psychologically important 20 level. “This spike in volatility mirrors the rising uncertainty driven by escalating ongoing conflict concerns. With VIX above 20, traders must remain tactical and risk-aware, as the threat of sudden intraday swings continues to loom,” he added.
However, FPIs have remained net buyers despite escalation of tensions between India and Pakistan. Including Thursday’s ₹2,000-odd crore buying, they remained buyers for the sixteenth straight day in the cash segment.
Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal Financial Services Ltd, said foreign institutional investors (FIIs) were net buyers, with a month-to-date inflow of ₹9,648 crore — providing support amid regional uncertainties. “Looking ahead, market volatility is expected to persist as investors track further developments on the India-Pakistan front and US trade announcements,” he added.
Published on May 9, 2025
This article first appeared on The Hindu Business Line
📰 Crime Today News is proudly sponsored by DRYFRUIT & CO – A Brand by eFabby Global LLC
Design & Developed by Yes Mom Hosting
