A Smug India VIX Despite Jitters in Sensex, Nifty

In general, strong domestic fund inflows are keeping sentiment upbeat and complacency high. “At a broader level, there has been a high level of volatility in India. However, there has been a truncated rally in a few stocks in the Nifty index, which is keeping the index up,” said Dhananjay Sinha, head of research, economist and strategist, Emkay Global Financial Services. 

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Sensex, Nifty Edge Lower Dragged By HDFC, ICICI Bank

Gold Silver Reports (GSR) – Eleven out of 19 sector gauges compiled by BSE were trading lower led by the S&P BSE Finance index’s 0.4 percent drop. On the other hand, the S&P BSE Realty index was top gainer, up 0.7 percent.          

Indian equity benchmarks edged lower dragged by weakness in ICICI Bank, HDFC twins and Infosys.          

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