Evening Walk Down D-Street on March 1, 2019

TGIF! And why I say that is because the Indian markets managed to recoup losses and closed the week on a positive note. Sensex reclaimed 36K while the Nifty50 closed above 10850 levels.

A series of domestic as well as global triggers kept equity markets across the globe on the edge. To start with we saw an escalation in geopolitical concerns kept investors busy for the most part of the week, but bulls managed to push the index back above 10850 for the Nifty and 36000 on the Sensex.

The final tally – the S&P BSE Sensex closed 196 points higher at 36,063 while the Nifty50 ended at 10,863, up 71 points. On weekly basis, Nifty closed with gains of 0.67 percent while Sensex ended 0.54 percent higher.

India VIX fell down sharply by 9.86 percent at 16.47 levels which is a positive sign for the bulls. However, VIX has to cool down below 16-15 zones to get the smooth ride in the market.