Street signs: Rising VIX sets alarm, new aspirants for MF licence & more

Rising VIX sets alarm

A spike in India VIX index has prompted experts to sound caution on the market rally. The fear guage has risen 22 per cent this month and is currently at 24, a level approached only a few times in the past six months. “The surge in VIX is certainly not good for bulls. We expect some follow-up selling. Traders are advised lightening up their longs and prefer buying slightly out-of-the-money puts in case of any pullback around 14,500-14,550 in the Nifty,” said Sneha Seth, derivatives analyst, Angel Broking. The Nifty index closed at 14,433.7 on Friday after