India VIX, the fear index, soared by nearly 40%, marking its highest single-day gain in 9 years amidst strong election count trends. Investors adopted a risk-averse stance, leading to a 4,100-point drop in Sensex. Market capitalization declined by Rs 17.61 lakh crore. Experts anticipate VIX to hit 30, advising cautious investment strategies.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction