- The volatility surge, according to Kotak, might cause extreme swings and compel some traders to use leverage.
- In the grey market, shares of Awfis Space Solutions are being traded at a premium of ₹165.
- Indian metal stocks surged, with multiple record highs being reached by Nifty Metal in 2024.
May has seen a great deal of volatility in the Indian market, with the VIX index hitting a one-year high of 19 as the election results approach. This reminds me of May 2019, when anti-incumbency expectations led to the VIX peaking at 29 during election month.
The volatility surge, according to Kotak Alternate Asset Managers Ltd (Kotak), might cause extreme swings and compel some traders to use leverage to lessen their exposure to hazardous positions.
Asian stocks
It’s crucial to make comparisons between choosing cricket teams and investing portfolios as the IPL 2024 comes to a finish. In the grey market, shares of Awfis Space Solutions are being traded at a premium of ₹165.
Metal prices rose as a result of China’s efforts to calm the real estate market. The surge was fueled by anticipation of a US Federal Reserve rate decrease in September as well as a growth in industrial output in April. Indian metal stocks surged, with multiple record highs being reached by Nifty Metal in 2024.
Given that 104 businesses are selling above 50X P/E and nine above 100X P/E, Kotak-Institutional Equities issues a warning regarding high P/E multiples in the Indian equities market. During intraday trading on Tuesday, the share price of Rail Vikas Nigam Ltd (RVNL) increased by over 15% to reach an all-time high of ₹345.90 on the NSE.
Weak global cues caused gold prices to drop more than 5%, and today’s 52-week lows were reached by the stocks of LANCOR HOLDINGS ORD, Brightcom Group, POPULAR VEHICLES AND SERVICES ORD, Anupam Rasayan India, and Vels Film International.
