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Mumbai: India VIX or the volatility index that measures the expectation of volatality in markets, which had improved to below 60% since November 24, has started inching up again and was at 57% on Friday, indicating that stable situations have not yet been reached. As was expected, shares of Indian Hotels, to which the Taj Mahal Hotel belongs, plunged by over 14%, while Oberoi group flagship EIH Ltd dipped 10% due to the terror attacks.
On the BSE, sectoral indices IT and Teck were the top performers. Dealers say technology stocks rose after India’s economy grew at a faster-than-expected pace. It stood at 7.6 % for the second quarter. Realty and Metal were the worst performing sectors of the day in the BSE Sectoral indices.
Though the markets closed the day with gains, the breadth of the market remained negative. Out of 2,093 stocks traded on BSE, only 915 stocks advanced, as 1,114 stocks declined, while 64 stocks remained unchanged. In the Sensex, 16 stocks ended in the green and 14 ended in the red....
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