26 Mar , 2024 By : Debdeep Gupta
Sensex, and Nifty snap 3-day winning run, volatility up ahead of F&O expiry, end of FY24, Analysts expect markets to remain sideways in the holiday-truncated week as the financial year 2023-24 winds down
Benchmark indices the Sensex and the Nifty snapped a three-day bull run to trade lower on March 26 as volatility rose ahead of the monthly F&O expiry. Analysts expect the market to remain sideways in the holiday-truncated week as the financial year 2023-24 winds down.
At 2.56 pm, the Sensex was down 0.56 percent at 72,428 and the Nifty was down 0.43 percent at 22,001. The fear gauges India VIX jumped more than 4 percent to around 12.
Analysts at ICICI Securities said bouts of volatility expected in the next few days offer incremental buying opportunities. "Buying-on-dips would be a prudent strategy to adopt as strong support is placed for Nifty at 21,700," they added.
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