Sat, Apr 27, 2024 10:41 AM
Weekend Wrap: From Vodafone Idea to Linde India top market movers this week
A Flip by Riya Sharma
Mumbai: India's Volatility Index, or VIX, a fear gauge of the stock market, surged to a 14-month high fuelled by growing expectations of sharp swings in equities in the run-up to the outcome of the general elections early in June. The index, which gained 2.7% on Tuesday to close at 17.05, has gained over 35% in the previous five sessions.
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Vaishali Parekh, VP- Technical Research at Prabhudas Lilladher, believes that the Indian stock market bias has weakened as the Nifty 50 index tumbled below 50-DMA levels on Tuesday. Stocks to buy today: 📌Happiest Minds: Buy at ₹822, target ₹890, stop loss ₹790; 📌Wipro: Buy at ₹464, target ₹500, stop loss ₹450; and 📌ITC: Buy at ₹440, target ₹480, stop loss ₹425.
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AstraZeneca has initiated the worldwide withdrawal of its Covid-19 vaccine due to a "surplus of available updated vaccines" since the pandemic. Recently, UK-headquartered pharmaceutical giant admitted that in "very rare cases", its Covid vaccine can cause a blood clot-related side-effect but the causal link is unknown.
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