D-Street poised for a positive start as GIFT Nifty trades firmly higher
Indian benchmark indices witnessed a turbulent trading day on Friday, suffering significant losses in the initial hours. Analysts imply that crossing the 23,500 mark could hint at a recovery toward 23,650 levels. The India VIX surged by 4.1%, settling at 12.28, reflecting increased market anxiety. Foreign portfolio investors netted sales of shares worth Rs 931 crore, contrasting with domestic investors who bought Rs 1,968 crore.
D-Street poised for a positive start as GIFT Nifty trades firmly higher
What Happened
Indian benchmark indices witnessed a turbulent trading day on Friday, suffering significant losses in the initial hours. Analysts imply that crossing the 23,500 mark could hint at a recovery toward 23,650 levels. The India VIX surged by 4.1%, settling at 12.28, reflecting increased market anxiety. Foreign portfolio investors netted sales of shares worth Rs 931 crore, contrasting with domestic investors who bought Rs 1,968 crore.
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Original reporting provided by Economic Times Markets.
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