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Decoded: What is India VIX - the volatility index?
Market News If you have been a market investor for some time, you would have come across the term - India VIX. But what does India VIX really tell us and why is it important for traders and investors? Let's understand.
The India Volatility Index in short is termed India VIX. It indicates the degree of volatility or fluctuation traders expect over the next 30 days in the Nifty50 Index.
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India VIX was introduced by the NSE in 2008, but the concept was originally introduced by Chicago Board Options Exchange in 1993. The value for India VIX is derived by using the Black & Scholes (B&S) Model.
The India VIX uses five variables – strike price, the market price of a stock, time to expiry, the risk-free rate, and volatility. The VIX arrives at the volatility expected by the traders in the market by using the...Read more.
Cement shares in demand; UltraTech, Ambuja, Dalmia Bharat hit new highs
Market News Shares of cement companies continued their northward movement in Monday's session, with frontline stocks like UltraTech Cement, ACC, Ambuja Cement and Dalmia Bharat from the S&P BSE500 index hitting their respective new highs on the BSE in intra-day trade amid a positive outlook.
UltraTech Cement, Orient Cement, Shree Cement, Ambuja Cements, Ramco Cement and ACC were up between 2 per cent to 4 per cent on the BSE. In comparison, the S&P BSE Sensex was up 0.56 per cent at 52,680 points at 10:33 am.
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In the past one month, shares of Dalmia Bharat, JK Lakshmi Cement, Ramco Cement and Ambuja Cement have rallied between 11 per cent and 19 per cent, as against a marginal 0.35 per cent gain in the benchmark index.
“Overall, the pent-up demand and pick-up in infrastructure-led construction activity are likely to drive the off-take starting July 2021 once lockdowns are relaxed. The industry’s utilisation is expected to improve to 61-63 per cent in FY2022-FY2023 on an...Read more.
Bitcoin rallies to all-time high as traders eye Coinbase Global listing
Market News Bitcoin jumped to an all-time high as the mood in cryptocurrencies turned bullish ahead of Coinbase Global Inc.’s listing this week.
The token rose as much as 5.3 per cent to $63,179, exceeding the previous peak in March. Cryptocurrency-exposed stocks such as Riot Blockchain Inc and Marathon Digital Holdings also advanced in US premarket trading.
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Crypto bulls are out in force as growing list of companies embrace Bitcoin, even as skeptics doubt the durability of the boom. In one of the most potent signs of Wall Street’s growing acceptance of cryptocurrencies, Coinbase will list on the Nasdaq on April 14 at a valuation of about $100 billion.
Coinbase’s debut “will mark the first official juncture between the traditional financial avenue and the alternative crypto path,” Ipek Ozkardeskaya, a senior analyst at Swissquote, wrote in a note...Read more.