The Nifty 50 Index has fallen 14% from its September peak due to concerns over steep valuations and disappointing corporate earnings. At the same time, the India NSE Volatility Index has dropped, reflecting a decline in demand for options betting on the benchmark equity gauge’s moves.
Big investors ditch tech ahead of expected September stocks slump
Big investors, fearful of September’s typical seasonal declines, exited profitable stock positions on Tuesday, according to investors and trading company research, a sign the selloff