Home Markets Sensex, Nifty end flat as margin rules kick in; India VIX jumps...

Sensex, Nifty end flat as margin rules kick in; India VIX jumps 3%

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Stock market updates: A volatile session on the bourses culminated near flat line on Tuesday as investor preferred to book profits after seven straight sessions of gains. That apart, a cut in GDP growth forecast by global agency Moody’s and a downtick in manufacturing activity kept market participants on the sidelines.


Earlier today, Moody’s said it expects the damage to the economy from the second wave of Covid-19 and the ensuing lockdowns to be restricted to the April-June 2021 quarter. Taking the slowdown into account, it now expects India’s GDP in the fiscal year ending March 2022 to grow at 9.3 per cent and at 7.9 per cent in FY23.   


Moreover, data released by IHS Markit showed that domestic factory orders and production slowed to a 10-month low in May as most states restricted businesses amid localised lockdowns. The Manufacturing PMI slipped to 50.8 in May…

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