A morning walk down Dalal Street | If election results are in line with exit polls, Nifty may head towards resistance of 12,000-12,100
Episode 1224, May 23, 2019, 01:30 AM
Action packed day is what we expect from the D-Street on Thursday as the results of 17th Lok Sabha Elections are scheduled to come out later today which will decide the fate of the market in the near term.
Investors should brace for some volatility on May 23 as results from various states will start coming out in the morning itself.
The S&P BSE Sensex rallied more than 100 points while Nifty50 held on to 11,700 just a day ahead of counting of votes. The counting will begin at 8 o'clock in the morning, and the trends are likely to start coming in by the afternoon.
India VIX, which is also known as the fear gauge or volatility index shot up to hit a 4-year high intraday and closed 7.38 percent up at 27.54 ob May 22. The index spiked to 30.18 in intraday trade.