Investors are getting more and more nervous about
the equities rally as markets ascend to new highs. The India VIX index, the
so-called fear index, rose 14%, to a 14-month high during the day on Wednesday.
The
volatility index frequently has an inverse interaction with rising markets. The
current rise in the fear index recommend that bankers are losing assurance in
the rally or that a correction is probable. Indeed, last year, the VIX had hit
a record low suggesting that bankers were complacent about risks.
According
to Ajay Bodke,chief executive and chief portfolio manager, Prabhudas Lilladher
Pvt. Ltd expansion in volatility underlines nervousness in the markets.
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