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Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓On Friday, the Nifty gained 1.3% as markets saw relief after two sessions of sharp decline.
- ✓Analysts said Indian equities might remain cautious due to global risks.
- ✓The India VIX fell 5.9% to 14.38.
Story at a Glance
- Category
- MARKET
- Reported By
- The Economic Times
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
On Friday, markets saw some relief after two consecutive sessions of sharp decline, with the Nifty gaining 1.3%, supported by buying in IT stocks. Analysts say Indian equities are likely to remain cautious amid elevated global risks.
STATE OF THE MARKETS
Tech View: Everything looks bleak, and this sentiment might remain the same for a few more days. The RSI remains in a bearish crossover and has stayed in the oversold zone. On the lower end, support is placed at 22180, below which the index might extend its losses towards 22000. On the higher end, resistance is placed at 22350.
India VIX: India VIX, which is a measure of the fear in the markets, fell 5.9% to settle at 14.38 levels.
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The Economic Times
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