Technical View: Nifty may consolidate further until it decisively closes above 20-day EMA, India VIX at 2.5-month low

As per the weekly options data, the Nifty may face hurdles at the 22,500-22,700 zone, with support placed at the 22,000 levels. Nifty Trend The Nifty 50 extended its downward move for another session amid rangebound trading, falling by a third of a percent on March 13, tracking the nervousness in Asian peers. The index…

March has saved Nifty before: Will it be enough to end India’s brutal market slump?

Foreign investors have sold $25 billion worth of Indian equities since the end of September, with $4.1 billion exiting in February alone. While domestic institutional investors have provided some support, inflows are slowing.   India’s NSE Nifty 50 saw its fifth consecutive monthly decline, marking its longest losing streak since 1996. The index is now…