Nifty volatility surges ahead of election results: What investors need to know
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It was a truncated week for the markets. Over the past four trading sessions, the Indian equities continued to edge higher and ended on a fresh lifetime high. The volatility too remained at elevated levels. As mentioned in the previous technical note, the markets are building up ahead of the General Election results on June 4th — this is one of the major external events that affect the markets. Over the past four sessions, the Nifty maintained a buoyant trajectory; it oscillated in a 621.85-point range. Volatility also continued spiking higher; India VIX surged by another 9.66% to 21.71. Following a strongly trending week, the headline index closed with a net weekly gain of 491 points (+2.19%). ETMarkets.com Over the past few weeks, we have seen the Nifty and the VIX rising simultaneously. Past instances have shown that such a phenomenon often ends up acting as a precursor to any impending corrective move. We had into the expiry of the cu...