8 Feb 2017

Trading volumes accelerated

Average daily trading volumes have accelerated to $3.8bn. Volatility has remained stable, however, with the India VIX trading up as far as 17 at first before receding, to close at 13 for a drop of a point. Breadth was moderate with advances exceeding declines by three to two, consumer stocks in particular drawing buyers. Nifty futures are trading at a premium of about 1.5% to cash.

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