 "Union Budget 2019: No wild stock market swings expected on Friday")
Markets typically witness huge swings on Budget day. The Sensex has swung an average 3.1 per cent in past 21 budget day sessions, an analysis of trading data shows. This time, however, investors can expect a relative calm if the volatility gauge is anything to go by.
The India VIX index ended at 13.53, down 1.2 per cent on Thursday. The index has cooled off sharply from May’s high of 28.7. Market players say the low reading signals that traders aren’t expecting any big move. “Trading was cautious and not many positions seem to have built up as reflected by the low India VIX. Expectation is low due to lack of fiscal space, and most reforms having been implemented,” says Deepak Jasani, head (retail research), HDFC Securities.
The India VIX index ended at 13.53, down 1.2 per cent on Thursday. The index has cooled off sharply from May’s high of 28.7. Market players say the low reading signals that traders aren’t expecting any big move. “Trading was cautious and not many positions seem to have built up as reflected by the low India VIX. Expectation is low due to lack of fiscal space, and most reforms having been implemented,” says Deepak Jasani, head (retail research), HDFC Securities.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%